WorkplaceNL’s 2015 Annual Performance report shows that 2015 was the second consecutive year that the injury fund is considered fully funded. WorkplaceNL’s funded position increased to 118.8% in 2015, up from 112% for 2014. The injury fund increased from $1.1 billion in assets in 2014 to $1.2 billion in 2015, which coincides with lower injury rates. After holding steady for three years, the lost-time incidence rate due to workplace injury or illness dropped to an all-time low of 1.5 per 100 workers.
SUBSCRIBE TO OUR OHS TIPS, COMPLIANCE NEWSLETTER AND WEBINAR INVITES