WCB drops rates

For the second year in a row the Yukon Workers' Compensation Health and Safety Board has dropped its rates.

For the second year in a row the Yukon Workers’ Compensation Health and Safety Board has dropped its rates.

That means that every Yukon business will be paying less this year to insure their employees and themselves against accidents.

Most of the credit should go to Yukon employers for the progress they have made in reducing workplace injuries, said Joy Waters, the board’s new president.

“It’s important to know that our goal is not to lower rates, our goal is the prevention of worker injuries and disability and when we are all successful, businesses will see stable, or in some years like this year, lower rates,” she said.

Although the lower number of injuries was the main reason for the cut in rates, it wasn’t the only one.

With 200 new employers setting up shop in the Yukon last year, there were 1,500 more workers in the territory. That meant $5 million more in assessment revenue for the compensation board. Last year, for the first time ever, the total assessable payroll topped more than $1 billion.

The compensation board has also seen a healthy return on its investments.

“We’ve benefited from our conservative investment strategy, which has paid off despite the global financial malaise of 2011,” said Waters.

Although its portfolio didn’t perform as well as it did last year, with a 4.2 per cent return it was still almost double the 2.4 per cent the compensation board was aiming for.

While rates will drop for every category of business in the Yukon, not all industries will see the same level of reduction.

The resources and transportation group, which includes bus drivers, trappers and firefighters, will see only a one per cent reduction in its rates.

The medium construction group, which includes occupations like welders, plumbers and electrical contractors, will see the biggest savings, with a 12 per cent cut.

“What this demonstrates is that if we invest in safety and return to work, we see a trend with fewer workers injured for less time,” said Waters. “Of course this does not mean as a society we can let up on our safety measures … we still got a ways to go, as the injury board outside (our building) shows.”

Contact Josh Kerr at joshk@yukon-news.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A proposed Official Community Plan amendment would designate a 56.3-hectare piece of land in Whistle Bend currently designated as green space, as urban residential use. Whitehorse city council will vote on the second reading of the Official Community Plan amendment on Dec. 7. (Courtesy City of Whitehorse)
Future area of Whistle Bend considered by council

Members set to vote on second reading for OCP change

The City of Whitehorse’s projected deficit could be $100,000 more than originally predicted earlier this year. (Crystal Schick/Yukon News file)
City deficit could be just over $640,000 this year

Third quarter financial reports presented to council

Chief Medical Officer of Health Dr. Brendan Hanley speaks during a COVID-19 press conference in Whitehorse on Oct. 30. Masks became mandatory in the Yukon for anyone five years old and older as of Dec. 1 while in public spaces. (Crystal Schick/Yukon News file)
As mask law comes into effect, premier says $500 fines will be last resort

The territory currently has 17 active cases of COVID-19

Crystal Schick/Yukon News file
Ranj Pillai, minister of economic development, during a press conference on April 1.
Government rejects ATAC mining road proposal north of Keno City

Concerns from the First Nation of Na-Cho Nyäk Dun were cited as the main reason for the decision


Wyatt’s World for Dec. 2, 2020

The new Little Salmon Carmacks First Nation council elected Dec. 1. (Submitted)
Little Salmon Carmacks elects new chief, council

Nicole Tom elected chief of Little Salmon Carcmacks First Nation

Submitted/Yukon News file
Yukon RCMP’s Historical Case Unit is seeking information related to the unsolved homicide of Allan Donald Waugh, 69, who was found deceased in his house on May 30, 2014.
Yukon RCMP investigating unsolved Allan Waugh homicide

Yukon RCMP’s Historical Case Unit is seeking information related to an unsolved… Continue reading

A jogger runs along Millenium Trail as the sun rises over the trees around 11 a.m. in Whitehorse on Dec. 12, 2018. The City of Whitehorse could soon have a new trail plan in place to serve as a guide in managing the more than 233 kilometres of trails the city manages. (Crystal Schick/Yukon News file)
2020 trail plan comes forward

Policies and bylaws would look at e-mobility devices

Snow-making machines are pushed and pulled uphill at Mount Sima in 2015. The ski hill will be converting snow-making to electric power with more than $5 million in funding from the territorial and federal governments. (Joel Krahn/Yukon News file)
Mount Sima funded to cut diesel reliance

Mount Sima ski hill is converting its snowmaking to electric power with… Continue reading

Fossil finds at Mt. Stephen. (Photo: Sarah Fuller/Parks Canada)
Extreme hiking, time travel and science converge in the Burgess Shale

Climb high in the alpine and trace your family tree back millions of years – to our ocean ancestors

Black Press Media and BraveFace have come together to support children facing life-threatening conditions. Net proceeds from these washable, reusable, three-layer masks go to Make-A-Wish Foundation BC & Yukon.
Put on a BraveFace: Mask fundraiser helps make children’s wishes come true

From Black Press Media + BraveFace – adult, youth and kid masks support Make-A-Wish Foundation

Colin McDowell, the director of land management for the Yukon government, pulls lottery tickets at random during a Whistle Bend property lottery in Whitehorse on Sept. 9, 2019. A large amount of lots are becoming available via lottery in Whistle Bend as the neighbourhood enters phase five of development. (Crystal Schick/Yukon News file)
Lottery for more than 250 new Whistle Bend lots planned for January 2021

Eight commercial lots are being tendered in additional to residential plots

The Government of Yukon Main Administration Building in Whitehorse on Aug. 21. The Canada Border Services Agency announced Nov. 26 that they have laid charges against six people, including one Government of Yukon employee, connected to immigration fraud that involved forged Yukon government documents. (Crystal Schick/Yukon News file)
Charges laid in immigration fraud scheme, warrant out for former Yukon government employee

Permanent residency applications were submitted with fake Yukon government documents

Most Read