Schedule 2: 2018 actual administration rates

At the beginning of each year, we set a provisional administration rate, which we use to determine your monthly administration charges for that year.

When we complete our year-end financials, we look at actual experience over the year and then determine what your actual administration rate should have been. At that time, we will either charge you or credit you the difference between the provisional and actual rates as a one-time adjustment.

For 2018, because the actual benefit payments were higher than projected, we will provide Schedule 2 businesses with a credit.

See the tables below for details about the 2018 administration rate adjustment.

If you have any questions about this update, please contact your Schedule 2 Account Service Representative or the Schedule 2 general revenue enquiry number at 416-344-3646 or toll-free at   1-800-387-0750.

2018 actual administration rate for provincially regulated businesses

Your 2018 actual administration rate decreased to 27.11% from the provisional rate of 29.9%. As a result, you will receive a one-time credit adjustment.

 

Costs Allocated To Employers

Provisional ($000s)

Actual ($000s)

Adjustment ($000s)

WSIB Administration

49,240

48,200

(1,040)

Legislative Obligations

2,983

3,676

693

Ministry of Labour - Prevention & Occupational Health & Safety Act

17,645

21,040

3,395

Other Expenses Collectively Charged *

3,633

3,319

(314)

Total Costs

73,501

76,235

2,734

Total Benefits

245,971

281,198

35,227

Administration Rate (Costs/Benefits) x 100%

29.9%

27.11%

-2.79%

* includes Bankruptcies, Net Interest Gain/Loss, Interest On Delayed Benefits, & Benefit Overpayments

2018 actual administration rate for federally regulated businesses

Your 2018 actual administration rate decreased to 19.61% from the provisional rate of 22.7%. As a result, you will receive a one-time credit adjustment.

Costs Allocated To Employers

Provisional ($000s)

Actual
($000s)

Adjustment ($000s)

WSIB Administration

5,407

4,895

(512)

Legislative Obligations

328

374

46

Ministry of Labour - Prevention & Occupational Health & Safety Act

0

0

0

Other Expenses Collectively Charged *

399

337

(62)

Total Costs

6,134

5,606

(528)

Total Benefits

27,019

28,596

1,577

Administration Rate (Costs/Benefits) x 100%

22.7%

19.61%

-3.09%

2018 actual administration rate for employers covered under the Government Employees Compensation Act

Your 2018 actual administration rate decreased to 19.44% from the provisional administration rate of 22.5%. As a result, you will receive a one-time credit adjustment.

Costs Allocated To Employers Provisional ($000s) Actual ($000s) Adjustment ($000s)

WSIB Administration

9,219

9,380

161

Legislative Obligations

559

716

157

Ministry of Labour - Prevention & Occupational Health & Safety Act

0

0

0

Other Expenses Collectively Charged *

582

558

(24)

Total Costs

10,360

10,654

294

Total Benefits

46,068

54,796

8,728

Administration Rate (Costs/Benefits) x 100%

22.5%

19.44%

-3.06%

* includes Bankruptcies, Net Interest Gain/Loss, Interest On Delayed Benefits, & Benefit Overpayments

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