BC Liberals want to trim WorkSafeBC surplus

Small business group says it's overfunded, BCFed president calls Shirley Bond announcement 'outrageous'

WorkSafeBC charges employers insurance premiums to finance benefits paid to injured workers.

A re-elected BC Liberal government will put a cap on WorkSafeBC’s surplus premiums and return excess funds to employers who pay into the agency’s injury fund, Jobs Minister Shirley Bond says.

Bond said Wednesday she doesn’t have a figure yet on how much money WorkSafeBC should have on hand in its accident fund, but an analysis will be done by June. A policy would be set when the legislature sits after the election.

“We believe the best place that additional funds for employers would be in their businesses,” Bond said. “So as we see the surplus in the accident fund increasing, we want to be sure there is a mechanism of policy and explicit direction that at a particular point there would be a return of funds to employers in British Columbia.”

The Canadian Federation of Independent Business has been pushing for the policy, citing similar measures in Alberta and Saskatchewan. CFIB says that by 2015, WorkSafeBC’s assets exceeded liabilities by $4.5 billion, making the fund nearly 40 per cent “overfunded.”

“Small business owners care deeply about their employees’ safety and understand the importance of WorkSafeBC being adequately funded,” CFIB vice-president for B.C. and Alberta Richard Truscott said in a statement. “However, being significantly overfunded is unfair to employers.”

Truscott said CFIB has met with WorkSafeBC multiple times on the issue and delivered petitions supported by 1,700 small business owners.

BC Federation of Labour president Irene Lanzinger called the proposal “an outrageous political move” at a time when more needs to be done to ensure worker safety.

“The money that the government and employers are appropriating should instead be used to improve benefits for workers killed an injured on the job that were slashed by the BC Liberals,” Lanzinger said.

WorkSafeBC reports that the provincial injury rates have been declining in recent years. Base premium rates for employers were increased in 2013 and 2014.

 

Just Posted

Passenger count down, fuel sales up at Trail Regional Airport

Heavy snowfall into the spring and ongoing wild fires in 2018 impacted landings at the Trail airport

Vehicles we drive today, better in almost every way

Nutini: The modern day automobile is a marvel of engineering and technology

Trail area homicide investigation continues

Jan. 14 marked one year since Jordan Workman was discovered in the trunk of a burnt car

Outbreak prompts advisory for visitors to extended care wing in Trail hospital

A respiratory infection has been active in Poplar Ridge Pavilion since Monday, advises IH

RDCK moves ahead with Castlegar rec complex upgrade plan

Board approves grant application for $13 million from provincial, federal governments

Fashion Fridays: Inspirational gym outfits

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Dog dies saving B.C. family from burning home

Homeonwers safe but one pet missing, another confirmed dead following fire

Russian fighter jets collide over Sea of Japan crews eject

One plane crashed after its crew ejected safely, the other crew also ejected but they have not been found

Judge to deliver verdict in British sailor’s gang rape case

The alleged gang rape took place at a Halifax-area military base in 2015

B.C. minister fears money laundering involves billions of dollars, cites reports

The government had estimated that it was a $200-million a year operation, instead estimates now peg the problem at $1 billion annually

BC Hydro scammers bilked customers out of nearly $45,000 in 2018

Nearly 2,000 people reported scams to the utility, as they continue to be more common

Olympian snowboarder Max Parrot diagnosed with Hodgkin’s lymphoma

Each year in Canada, approximately 900 people are diagnosed with Hodgkin’s lymphoma

‘Prince of Pot’ Marc Emery accused of sexual assault, harassment

Emery denied the allegations, but a Toronto woman says she is not the only one speaking out

Vancouver Island photographer makes National Geographic’s 2018 elite

Rare double honour for Marston from the 36 best Your Shots out of nearly 19,000 photos

Most Read