The WCB Board of Directors approved the 2019 rate at their meeting on Tuesday, November 27, 2018. The 2019 average premium rate will increase to $1.08 (from an average rate of $1.04 collected in 2018). The average required rate to cover 2019 costs is actually $1.29, however in recognition of the struggling economy the $0.21 difference between the average required rate and the rate collected will be absorbed by the Accident Fund, as it was in 2018.
If you would like more detailed information for your Industry,please contact James Wilson directly.
Employer statements should be available no later than December 9th.