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BC Liberals want to trim WorkSafeBC surplus

Small business group says it香蕉视频直播檚 40 per cent 香蕉视频直播榦verfunded香蕉视频直播
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WorkSafeBC charges employers insurance premiums to finance benefits paid to injured workers. (Black Press files)

A re-elected BC Liberal government will put a cap on WorkSafeBC香蕉视频直播檚 surplus premiums and return excess funds to employers who pay into the agency香蕉视频直播檚 injury fund, Jobs Minister Shirley Bond says.

Bond said Wednesday she doesn香蕉视频直播檛 have a figure yet on how much money WorkSafeBC should have on hand in its accident fund, but an analysis will be done by June. A policy would be set when the legislature sits after the election.

香蕉视频直播淲e believe the best place that additional funds for employers would be in their businesses,香蕉视频直播 Bond said. 香蕉视频直播淪o as we see the surplus in the accident fund increasing, we want to be sure there is a mechanism of policy and explicit direction that at a particular point there would be a return of funds to employers in British Columbia.香蕉视频直播

The Canadian Federation of Independent Business has been pushing for the policy, citing similar measures in Alberta and Saskatchewan. CFIB says that by 2015, WorkSafeBC香蕉视频直播檚 assets exceeded liabilities by $4.5 billion, making the fund nearly 40 per cent 香蕉视频直播渙verfunded.香蕉视频直播

香蕉视频直播淪mall business owners care deeply about their employees香蕉视频直播 safety and understand the importance of WorkSafeBC being adequately funded,香蕉视频直播 CFIB vice-president for B.C. and Alberta Richard Truscott said in a statement. 香蕉视频直播淗owever, being significantly overfunded is unfair to employers.香蕉视频直播

Truscott said CFIB has met with WorkSafeBC multiple times on the issue and delivered petitions supported by 1,700 small business owners.

BC Federation of Labour president Irene Lanzinger called the proposal 香蕉视频直播渁n outrageous political move香蕉视频直播 at a time when more needs to be done to ensure worker safety.

香蕉视频直播淭he money that the government and employers are appropriating should instead be used to improve benefits for workers killed an injured on the job that were slashed by the BC Liberals,香蕉视频直播 Lanzinger said.

WorkSafeBC reports that the provincial injury rates have been declining in recent years. Base premium rates for employers were increased in 2013 and 2014.





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