Funding Policy

Funding Policy

Effective Dates

June 30, 2008 - October 13, 2008

Policy Code

FA-05

General Information

The Board of Directors of the Yukon Workers' Compensation Health and Safety Board (YWCHSB) plays a key role in the financial stewardship of the workers' compensation system. The funding policy establishes a framework that ensures the financial security and sustainability of the compensation system in the long term. The framework strives for equity among generations of employers by charging today's employers for today's injury and administration costs. Under the funding framework, the assessment rates set for employers should be stable and predictable.

The reserves protect the workers' compensation system from a variety of risks and uncertainties that could have significant financial implications. The levels of these reserves will be based on amounts necessary to protect the compensation system against these risks and uncertainties.

Purpose

This policy guides the Board of Directors to ensure a sound financial position is maintained by the Board of Directors, that fiduciary responsibilities are in accordance with the Workers' Compensation Act S.Y. 2008 (the "Act") and that the Board of Directors exercises prudence, discretion and intelligence.

Funding

May 13, 1996 - September 26, 2005 | FN-07 | Finance and Administration

Funding

May 13, 1996 - September 26, 2005 | FN-07 | Finance and Administration

Funding

May 13, 1996 - September 26, 2005 | FN-07 | Finance and Administration

Transition Policy - Amendments to the Workers' Compensation Act

April 25, 2005 - June 30, 2008 | PL-03 | Introduction