Average premium rate decreases by 1.7%

Average preliminary rate suggests a 1.7% decrease from 2018

- Saskatchewan’s 2019 preliminary employer premium rate decreases for 12th consecutive year
- 2019 proposed average premium rate is expected to decrease to $1.17 from $1.19 in 2018
- 42.5% of Saskatchewan employers will see a decrease or no change to their 2019 premium rate
- Premium rates for 57.5% of employers will increase next year
- 2019 proposed premium rate reflects the WCB’s complete transition to the enhanced rate model that was implemented in 2018

Every fall, the Saskatchewan Workers’ Compensation Board (WCB) holds two public rate setting information sessions for the coming year.

Average premium rate drops for 11th consecutive year

Average preliminary rate suggests a 4% decrease from 2017, making it the lowest rate in over 30 years

- WCB expects the 2018 proposed average premium rate to be the 3rd lowest in Canada.
- The 2018 proposed average premium rate is expected to decrease to $1.19 from $1.24 in 2017.
- 94% of Saskatchewan employers will see a decrease or no change to their 2018 premium rate.
- In 2017, the Board approved the transition to the WCB’s enhanced rate model. The 2018 premium rates reflect the rate model transition.

In 2017, the maximum assessable earning is $76,086.

The Saskatchewan Workers’ Compensation Board (WCB) approved the 2017 average employer premium rate for 48,357 employers covered by workers’ compensation. Employer premium rates have dropped from the 2016 average rate of $1.34 to $1.24, which is a 7.5 per cent decrease.

7.5 per cent decrease from last year makes it lowest rate in over thirty years (since 1986)

Eligible employers to receive 100% of excess surplus in 2016