Security Deposits

Security Deposits

Effective Dates

December 31, 2009 and still in effect

Policy Code

EA-12

General Information

The payment of employer assessments is a critical component of the workers’ compensation system. This is recognized under the Workers’ Compensation Act S.Y. 2008 (the "Act"), which provides Yukon Workers’ Compensation Health and Safety Board (YWCHSB) with the ability to collect security deposits from employers, where appropriate, to ensure that sufficient funds are available to meet the employer’s assessment obligations.

Purpose

This policy clarifies the means YWCHSB will use, when necessary, to collect and release security deposits. Security deposits assist in the protection and integrity of the Compensation Fund from employers at a high risk of defaulting on their assessments.

Payment of Assessments

May 8, 2005 - June 30, 2008 | AS-20 | Assessments

Assessment Penalties

January 1, 1993 - May 8, 2005 | AS-20 | Assessments

Enforcement of Assessment Payments

November 9, 1993 - May 8, 2005 | AS-22 | Assessments

Enforcement of Assessment Payments

November 9, 1993 - May 8, 2005 | AS-22 | Assessments

Payment of Assessments

December 31, 2008 - December 31, 2009 | EA-01 | Employer Assessments

Payment of Assessments

June 30, 2008 - December 31, 2008 | EA-01 | Employer Assessments