Payment of Interest on Compensation Benefits
Effective Dates
March 31, 2000 - June 30, 2008
Policy Code
CL-52
General Information
Interest on compensation benefits shall be awarded to workers in accordance with section 19.4 of the Workers Compensation Act to reflect legislative amendments that came into effect with the passage of Bill 83.
Section 19.4 states "where compensation is payable, the adjudicator, hearing officer, or appeal tribunal shall order that interest be paid on such compensation in accordance with board policy and the board shall pay such interest".
It is recognized that the support and engagement of employers and service providers is an integral part of ensuring quick and effective adjudication of claims so that interest payments will not be necessary.