June 2: 2015 Annual Workers’ Comp Report Released


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.