Board of Director Resolutions - August 2021

August 12, 2021

  • Approved the revised Funding and Pricing Policy.
  • Approved the Chief Actuary’s recommendation that the 2022 overall premium rate be set to $1.30 per $100 of insurable earnings. This represents a 5.1 per cent decrease from the 2021 overall premium rate of $1.37 per $100 of insurable earnings.
  • Approved the revised transition approach for TEAs and continue the transition plan (originally set for 2021 and deferred to 2022 due to rate hold decision applied to rates in 2021) for NPOs and all other Schedule 1 employers.