Workers Compensation Board of Prince Edward Island

WCB announces 2013 preliminary average assessment rate

October 09, 2012

The Workers Compensation Board of Directors has approved a $1.98 preliminary average assessment rate for 2013, representing a $0.01 reduction from 2012.

 

The preliminary average assessment rate for 2013 is based on actuarial projections of the average rate required to cover claims costs for accident year 2013 together with an estimate of investment income and administration budget for 2013. The WCB provides the preliminary rate to assist Island employers with their budgeting processes, by releasing as much rate information as possible, including the preliminary rates for rate groups, as soon as it becomes available.

 

It is anticipated that the 2013 average assessment rate will be finalized by the WCB Board of Directors in November 2012.  All Island employers will be informed of their individual assessment rates in January 2013.

 

For more information about assessment rates, visit the Assessment Rates section of the WCB website or contact us. To learn more about how your employer rate is calculated, sign up for WCB Online Services and take advantage of our Rate Calculation Inquiry service.



Media Contact:
WCB Communications
902-894-0362 or news@wcb.pe.ca