Nov. 5: Changes to Workers’ Comp Law Proposed
Posted On November 12, 2012
The government introduced amendments to the Workers’ Compensation Act. Highlights:
- Increase to the maximum insurable earnings and maximum wage rate
- Introduction of a system of indexation to ensure benefits are adjusted annually
- When workers reach age 65, they can either buy an annuity or receive a lump sum payment
- The compensation board gets the power to impose administrative penalties
- An indexation formula based on increases to the average weekly wage.
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