CFIB members save on Amex
Attract more customers with a lower rate
After many years of struggling to ensure workers' compensation was properly funded and benefits were sustainable over the long-term, PEI's WCB has now begun to find itself with the completely opposite challenge: how to ensure that it doesn't become too over-funded.
In 2015, WCB took the step of sending out "surplus distribution" cheques to Island employers. The amounts were linked to the premiums paid that year. But strong investment returns mean that WCB once again is finding itself in a significantly over-funded position.
As such, CFIB has asked WCB to not only issue refunds to employers again but also to consider a policy of automatic distributions whenever it is substantially over-funded.