Our Funding and Pricing Policy guides our decisions related to providing for the costs of administering our workplace insurance system through employer premiums and investment earnings. The Funding and Pricing Policy is objective and fair for all businesses covered by WSIB insurance.
The policy follows regulations outlined in Ontario Regulation 141/12, Workplace Safety and Insurance Act, 1997 (WSIA), including:
- the WSIB must maintain a Sufficiency Ratio of at least 100 per cent
- the criteria to be applied in determining eligibility for a distribution of surplus amounts to Schedule 1 businesses
- how much and when surplus amounts may be distributed to eligible Schedule 1 businesses