Yukon Workers’ Compensation Health and Safety Board maintains strong foundation and funded position despite a challenging year
| May 18, 2021
WHITEHORSE: The Yukon Workers’ Compensation Health and Safety Board’s (YWCHSB) 2020 annual report was tabled in the Yukon Legislative Assembly today and is now available to the public.
The report highlights the actions the organization took to weather the 2020 global pandemic while supporting our stakeholders through the challenging year.
The funded position at the end of 2020 was 132 per cent, down from 141 percent in 2019. This decrease reflects our planned approach to move the Compensation Fund towards the target range of 121 to 129 percent of total liabilities, while reducing assessment rate volatility.
YWCHSB remains in a good financial position and continues to operate efficiently in the best interests of Yukon workers and employers.
Our continued cautious and prudent financial approach has kept us in a strong funded position. As a result, we were well positioned to navigate the ongoing COVID-19 pandemic. We were also able to provide another substantial rebate to eligible employers with no risk to injured workers who depend on the Compensation Fund now and into the future.
– Board of Directors Chair Mark Pike
Along with the rest of the world, Yukon experienced a challenging time in 2020. I’m very proud of how our staff, our partners and all Yukoners pulled together to protect ourselves and each other in the face of the uncertainties presented by the pandemic.
– YWCHSB President/CEO Kurt Dieckmann
Related informationAnnual report 2020
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