Every December the WSIB begins mailing annual indexing letters to people, outlining any cost-of-living adjustment to their benefits for the coming year.
Beginning January 1, 2021, people on WSIB benefits will receive a cost-of-living adjustment of 1.0 per cent. This amount is fully indexed to the Consumer Price Index (CPI).
If you have further questions, please call 1-800-387-0750 between 7:30 a.m. and 5:00 p.m.
Questions and Answers
Why does the WSIB index benefits?
On January 1 of each year, in line with the Workplace Safety and Insurance Act, 1997 (WSIA), we adjust the benefits for cost-of-living increases annually. Indexation provides protection for people injured at work and for their survivors against the effects of inflation over time.
Who determines the amount (or percentage) of the cost-of-living adjustment?
The federal government (Statistics Canada) calculates what the CPI percentage is, which according to legislation is used to index wage loss benefits.
Why is the 1.0 per cent CPI paid by the WSIB different from the CPI percentage paid by the federal government?
The WSIB takes the CPI from October 2019 to October 2020, whereas the federal government’s period is from January to December of any given calendar year. The WSIB’s period of CPI used in calculating the alternate indexing factor is specified in Section 50 (1) of WSIA.
What is my new Non-Economic Loss (NEL) or pension amount?
The indexing percentage noted in your letter applies to the amount you were receiving in 2020. The increase is effective January 1, 2021.