Alberta, Canada Workers Compensation Board (WCB) Reports Statistics for 2008
We are confident in the long-term health of Albertas workers compensation system, Chair of the Board, David Carpenter told stakeholders. We are pleased to work closely with a management team who understands the value of planning today to provide support for our stakeholders tomorrow.
By carefully charting a clear long-term business strategy, WCB-Alberta and its partners faced the economic challenges of 2008 and successfully weathered the ups and downs of the global financial market.
The 2008 results presented to stakeholders at its annual general meeting this month reportedly demonstrates the foundation of the workers compensation system in Alberta continues to remain strong and stable.
Despite an increase in the number of Albertans covered by the workers compensation system in 2008 (to 1.8 million), overall injury rates decreased or remained stable. The unrelenting focus of the organization and its partners on return-to-work results drove this success, resulting in unprecedented outcomes. (Italics added)
Highlights from the WCBs 2008 Annual Report include:
1. 93 per cent of injured workers returned to the job
2. The time-lost claim rate decreased to 1.8 per 100 workers
3. The disabling-injury rate decreased to 3.4 per 100 workers
4. The system remained funded at 111.7%
Weve faced a tough economy before, but we have never been in a better position to make it through, Guy Kerr, WCB president and CEO told stakeholders. The system is fully funded, we have strong partnerships in place, and our business is more focused than ever. (workersxzcompxzkit).
Author: Robert Elliott, J.D.