The average assessment rate for employers in Newfoundland and Labrador will remain at $2.75 per $100 of payroll, according to the Workplace Health, Safety and Compensation Commission (WHSCC).
The commission also announced the province’s maximum compensable and assessable earnings limit for 2012. The maximum assessable earnings limit will increase from $51,595 to $52,885. About 53 per cent of employers will see a slight decrease in their assessment rates in 2012, while 47 per cent will remain the same or experience a slight increase.
“We are pleased to be able to maintain the average rate at $2.75 despite rising health care costs and increasing labour costs in Newfoundland and Labrador,” said CEO Leslie Galway.
The increase in maximum compensable earnings reflects a 2.5 per cent increase in the consumer price index (CPI), according to the WHSCC.
Any injured worker whose pre-injury earnings are at or above the new maximum compensable limit will be compensated based on the new limit effective Jan. 1, 2012, said the commission.
Notifications of individual employer assessment rates for the upcoming year are being mailed to employers. A complete listing of the 2012 rates can be found in the publications section of the WHSCC’s website.
© Copyright Canadian HR Reporter, Thomson Reuters Canada Limited. All rights reserved.