{"id":177002,"date":"2018-09-27T08:52:44","date_gmt":"2018-09-27T12:52:44","guid":{"rendered":"https:\/\/canada.constructconnect.com\/?p=177002"},"modified":"2018-09-28T07:52:20","modified_gmt":"2018-09-28T11:52:20","slug":"constructors-elated-wsib-rate-cuts","status":"publish","type":"post","link":"https:\/\/canada.constructconnect.com\/dcn\/news\/associations\/2018\/09\/constructors-elated-wsib-rate-cuts","title":{"rendered":"麻豆传媒高清ors elated with WSIB rate cuts"},"content":{"rendered":"<p>Ontario construction stakeholders hailed the recent announcement that the Workplace Safety and Insurance Board (WSIB) has eliminated its unfunded liability (UFL) almost 10 years ahead of its legislated schedule, resulting in a drop in premium rates next year of between 30 to 48 per cent for construction rate groups.<\/p>\n<p>The reduction for all employers across the province averages out to 29.8 per cent. In construction, siding and outside finishing employers will reap the greatest benefits next year, with their premiums dropping 48 per cent.<\/p>\n<p>The retirement of the UFL and the premium reductions were announced by WSIB chair Elizabeth Witmer at the board\u2019s annual general meeting held Sept. 26 in Toronto.<\/p>\n<p>The reduction in premium rates has been estimated to represent a redirection of $1.45 billion into the economy per year starting next year. The Ontario General Contractors Association (OGCA) has calculated that payroll costs will go down two per cent.<\/p>\n<p>\u201cThat\u2019s huge,\u201d commented OGCA director of government relations David Frame. \u201cThe WSIB premiums go from a six per cent tax on payroll to a four per cent tax on payroll.\u201d<\/p>\n<p>\u201cThat is going to create a good deal of monies available for development, for reinvestment,\u201d said OGCA president Clive Thurston. \u201cThis is a tremendous, tremendous accomplishment. I couldn\u2019t be prouder of the industry and I want to thank the WSIB for working with us and making this happen.\u201d<\/p>\n<p>In 2009 Ontario\u2019s auditor general reported the UFL \u2014 the shortfall between future obligations to pay injured workers and the money available to pay them \u2014 had reached a critical stage. The Liberal government of the day enacted legislation requiring WSIB action to address the problem. The UFL stood at $14.2 billion in 2011.<\/p>\n<p>Thurston said the construction sector, including the 麻豆传媒高清ion Employers Coalition, was instrumental in working on a plan to reduce the UFL.<\/p>\n<p>\u201cThe industry agreed to continue to pay an increase in its premium rates to get rid of the UFL,\u201d Thurston said. \u201cWe have contributed over $15 billion in additional funding to make this happen. It was a partnership between the WSIB and the industry, it was agreed to in a collaborative manner, and so it is a great accomplishment that shows how working together, change can happen.\u201d<\/p>\n<figure id=\"attachment_177004\" aria-describedby=\"caption-attachment-177004\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" class=\"wp-image-177004\" src=\"https:\/\/canada.constructconnect.com\/app\/uploads\/2018\/09\/teahan-INSIDE-web.jpg\" alt=\"WSIB president and CEO Tom Teahen commented about the WSIB\u2019s elimination of its unfunded liability, \u201cWe\u2019ve gone from a tipping point to a turning point.\u201d\" width=\"300\" height=\"245\" srcset=\"https:\/\/cc-production-uploads-bucket.s3.amazonaws.com\/uploads\/2018\/09\/teahan-INSIDE-web.jpg 600w, https:\/\/cc-production-uploads-bucket.s3.amazonaws.com\/uploads\/2018\/09\/teahan-INSIDE-web-300x245.jpg 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-177004\" class=\"wp-caption-text\">DON WALL \u2014 WSIB president and CEO Tom Teahen commented about the WSIB\u2019s elimination of its unfunded liability, \u201cWe\u2019ve gone from a tipping point to a turning point.\u201d<\/figcaption><\/figure>\n<p>WSIB president and CEO Tom Teahen enumerated four drivers that enabled the WSIB to eliminate the UFL early \u2013 increased premium revenues, improvements in claims duration, higher investment returns and decreases in lost-time injuries.<\/p>\n<p>As for the reduction in premiums the construction sector will see, Teahen said in an interview, \u201cWe hope that helps them with their ability to invest more in health and safety, hire more people and invest in their own improvements in technology and process improvement and efficiency so they can be even more competitive.\u201d<\/p>\n<p>Other rate groups benefiting from major premium reductions will be formwork and demolition, with a drop of 47.4 per cent from 2018 to 2019, inside finishing, with a reduction of 41.6 per cent, home building, with rates dropping 40.2 per cent, and roadbuilding and excavation, also with a reduction of 40.2 per cent.<\/p>\n<p>Sean Reid, vice-president and regional director, Ontario, for the Progressive Contractors Association of Canada, noted the premium savings will average out to 35 per cent across the sector.<\/p>\n<p>\u201cThese savings will create new opportunities for Ontario contractors to reinvest in their businesses and create more jobs for Ontario workers,\u201d he said in a statement. \u201cIt also takes some of the pressure off construction employers who\u2019ve been burdened with rising materials costs in recent months, due to the ongoing tariff dispute with the United States.\u201d<\/p>\n<p>The Residential 麻豆传媒高清ion Council of Ontario (RESCON) issued a statement praising the contributions of WSIB leadership past and present.<\/p>\n<p>\u201cCredit must be given to former WSIB president and CEO David Marshall, current chair Elizabeth Witmer and current president and CEO Tom Teahen,\u201d said RESCON vice-president Andrew Pariser. \u201cThis exciting announcement means employers will keep more money in their businesses and can continue to invest in health and safety, good-paying jobs and Ontario.\u201d<\/p>\n<p>Infrastructure Health and Safety Association president and CEO Enzo Garritano attended the WSIB meeting and noted afterwards the drive to eliminate the UFL that was launched in 2009 coincided with a realization that new approaches were needed to address what was a stagnant health and safety sector. A new era of activism was launched, he said.<\/p>\n<p>\u201cIn the last seven or eight years, people have been looking at things differently,\u201d he said. \u201cThere was a changeover, with new health and safety management systems that were absent in Ontario.<\/p>\n<p>\u201cSo this is all contributing towards this success, where people knew something had to change in order to get at the unfunded liability and improve health and safety, because it was plateauing.\u201d<\/p>\n<p>Ian Cunningham, president of the Council of Ontario 麻豆传媒高清ion Associations, called the developments \u201cvery good news\u201d and a \u201ctribute to the efforts of a whole lot of different people\u201d including the WSIB in working closely with employers.<\/p>\n<p>\n\u201c麻豆传媒高清ion employers have contributed significantly by contributing to the UFL elimination fund with their premiums, and working with the WSIB to get workers back to work,\u201d he said.<\/p>\n<p>\nAn important next step for the construction sector, Cunningham said, is working on implementing the WSIB\u2019s rate framework reform, due to come into effect in 2020.<\/p>\n<p><strong><span style=\"font-size: 12.0pt; color: black;\">Watch this site for continuing\u00a0coverage of the WSIB&#8217;s elimination of its Unfunded Liability. Was it accomplished on the backs of injured workers? The DCN investigates.\u00a0<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>WSIB premium reductions for 2019<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td width=\"294\">\n<p><strong>麻豆传媒高清ion Rate Group <\/strong><\/p>\n<\/td>\n<td width=\"113\">\n<p><strong>% change from 2018 to 2019<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Inside Finishing<\/p>\n<\/td>\n<td width=\"113\">\n<p>-41.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>ICI and Condo construction<\/p>\n<\/td>\n<td width=\"113\">\n<p>-37.8%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Masonry<\/p>\n<\/td>\n<td width=\"113\">\n<p>-35.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Home building<\/p>\n<\/td>\n<td width=\"113\">\n<p>-40.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Electrical and Incidental Cons. Services<\/p>\n<\/td>\n<td width=\"113\">\n<p>-34.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Mechanical and Sheet Metal<\/p>\n<\/td>\n<td width=\"113\">\n<p>-33.1%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Roadbuilding and Excavating<\/p>\n<\/td>\n<td width=\"113\">\n<p>-40.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Roofing<\/p>\n<\/td>\n<td width=\"113\">\n<p>-34.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Heavy Civil<\/p>\n<\/td>\n<td width=\"113\">\n<p>-38.0%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Millwrighting and Welding<\/p>\n<\/td>\n<td width=\"113\">\n<p>-30.6%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Formwork and Demolition<\/p>\n<\/td>\n<td width=\"113\">\n<p>-47.4%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"294\">\n<p>Siding and Outside Finishing<\/p>\n<\/td>\n<td width=\"113\">\n<p>-48.0%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ontario construction stakeholders hailed the recent announcement that the Workplace Safety and Insurance Board (WSIB) has eliminated its unfunded liability (UFL) almost 10 years ahead of its legislated schedule, resulting in a drop in premium rates next year of between 30 to 48 per cent for construction rate groups. The reduction for all employers across [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":177003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[8],"tags":[2352,2016,7168,26204,11306,38,35,7435,26207,26205,17925,10276,17216,26203,10540,26200,26202,16012,11625,26206,26201,26199],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u00c9cole Saint-Louis Renovation - Exterior Envelope, L&#039;Assomption, L&#039;Assomption, comt\u00e9, Qu\u00e9bec<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/associations\/2018\/09\/constructors-elated-wsib-rate-cuts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"麻豆传媒高清ors elated with WSIB rate cuts\" \/>\n<meta property=\"og:description\" content=\"Ontario construction stakeholders hailed the recent announcement that the Workplace Safety and Insurance Board (WSIB) has eliminated its unfunded liability (UFL) almost 10 years ahead of its legislated schedule, resulting in a drop in premium rates next year of between 30 to 48 per cent for construction rate groups. 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Exterior Envelope, L'Assomption, L'Assomption, comt\u00e9, Qu\u00e9bec","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/canada.constructconnect.com\/dcn\/news\/associations\/2018\/09\/constructors-elated-wsib-rate-cuts","og_locale":"en_US","og_type":"article","og_title":"麻豆传媒高清ors elated with WSIB rate cuts","og_description":"Ontario construction stakeholders hailed the recent announcement that the Workplace Safety and Insurance Board (WSIB) has eliminated its unfunded liability (UFL) almost 10 years ahead of its legislated schedule, resulting in a drop in premium rates next year of between 30 to 48 per cent for construction rate groups. 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