Submission to the WSIB Consultation Secretariat
The Workplace Safety and Insurance Board (WSIB) is changing the way employer premiums are determined. While in some respects the Proposed Preliminary Rate Framework marks a positive change from the existing rate setting process, the Ontario Chamber of Commerce (OCC) is concerned that the new rate framework could increase the premium rates paid by employers and, subsequently, the cost of doing business in the province.
As such, the OCC has provided the WSIB with a written submission outlining 10 recommendations that the WSIB and the Government of Ontario should adopt to mitigate the impact of the proposed reforms. Over 25 chambers of commerce and boards of trade signed on to the submission.
The OCC supports efforts to modernize the workers’ compensation system in Ontario. Building a 21st century workforce is a core component of the OCC’s five year Emerging Stronger economic agenda. Keeping the province’s economy firmly on the path from recovery to growth will require changes to the way government and its agencies work. Ontario needs a workers’ compensation system that is both responsive to labour market needs and fiscally sustainable.