• Policy 21.10.40:  Expenses for Attendance at Appeal Hearings.  Policy amended October 1, 2014 to reflect a decrease in travel allowance for attendance at Appeal Hearings.  Meal allowance remains unchanged.

 

  • Policy 31.05:  Funding Policy.  Policy amended by Board Order 27/14 on September 24, 2014, effective October 1, 2014.  The Funding Policy is amended to change the method of calculating the Accident Fund Reserve.  The use of formulas and factors based on OSFI minimum capital concepts, standard deviations of the returns of the investment portfolio, and calculated allocations for benefit liabilities, catastrophes, latent occupational diseases and accounting standard changes is discontinued.  The new calculation determines a value for the Accident Fund Reserve that will produce a Funding Ratio of 130 per cent.  The Funding Ratio is defined as WCB's ratio of total assets to total liabilities.

 

  • Policy 31.05.05:  Rate Setting for the General Body of Employers (Employers in Class E).  Policy revised by Board Order 28/14, on September 24, 2014, and effective for the 2015 Rate -Setting Period and beyond.  The policy clarifies which costs are excluded from rate setting.

 

  • Policy 31.05.10:  Cost Relief/Cost Transfers.  Policy revised by Board Order 28/14 on September 24, 2014, effective for all decisions on or after October 1, 2014.  The policy changes include clarifying the impact of a pre-existing condition on impairment ratings and cost relief and removing the cost of long-latency occupational disease claims from the cost records of Class E employers. Other revisions include incorporating subsection 82(4)(d) of the Act  into the policy and increasing the threshold to a consistent level for removal of costs consideration on claims involving negligence, a third party or a motor vehicle.

 

  • Policy 35.10.120:  Terms and Conditions of Optional and Personal Coverage.  Appendix A updated October 1, 2014 to reflect the maximum optional/personal coverage which can be purchased for 2015 as adjusted by the indexing factor calculated under Section 47 of the Act.  Appendix B updated October 1, 2014 to reflect the minimum personal coverage which can be purchased for 2015 as adjusted by the indexing factor calculated under Section 47 of the Act.

 

  • Policy 43.10.50:  Rehabilitation for Spouses or Common-Law Partners.  Appendix A updated to show Maximum Annual Net Employment Income as of January 1, 2015.

 

  • Policy 43.20.40:  Relocation.  Schedule A adjusted effective October 1, 2014.

 

  • Policy 44.100.20:  Annuities.  Table under C.  Policy Application has been updated to show the 2015 threshold levels for converting a lump-sum payment into an annuity and eligibility for independent financial advice have been updated.

 

 

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