OHS Insider Month in Review – August 2017: Yukon Territory
LAWS & ANNOUNCEMENTS
July: Yukon is raising its 2018 workers’ comp average assessment rates 6¢ to $1.87 per $100 of assessable payroll. The hike in the territory’s already high premium rates was made necessary by a 5% decline in the Compensation Fund funded level, which now stands at 150%. Continuation of the 19% subsidy (37¢) is the only thing preventing an even greater increase. Industry rates will be announced later in the year.