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Director’s Update

Michael Zacks, Director & General Counsel

Big WSIB Changes on the Horizon

As many of you know, 2018 has been a remarkable year for the WSIB.  For the first time in more than a generation the WSIB has fully retired its unfunded liability.  The unfunded liability (UFL) has been a significant drag on Ontario employers by comprising about a third of the premium that employers have paid over the years.

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In the News

The WSIB’s new/revised benefits policies came into effect on November 1, 2014. The WSIB has provided an “Explanatory Note” on the overall policy review process, and response to stakeholder feedback.

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