Increase Workers' Compensation to 85%
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All workers expect to return to their home and family safe at the end of each workday but in Newfoundland and Labrador, 14 workers are injured on the job every day. When a workplace injury or illness occurs, the worker relies on Workers' Compensation for support and assistance.
In Newfoundland and Labrador 13,000 injured workers rely on WorkplaceNL. The injury fund, which is managed by WorkplaceNL, is very healthy with a funded ratio surplus in excess of 110% since 2014. This has resulted in four significant decreases in employer assessment rates. Over the past six years, employers have seen rebates of over 30% while injured workers' benefits have remained stagnant. Newfoundland and Labrador has the lowest income replacement rate in the country, at 80% of net earnings.
A 2013 Statutory Review of Workers' Compensation recommended the province increase the net earning rate to 85%. Injured workers' deserve fairness, dignity and respect. It's time for the Government of Newfoundland and Labrador to legislate a 5% increase to the income replacement rate.
To the Honourable House of Assembly of the Province of Newfoundland and Labrador in Parliament Assembled
The Petition of the undersigned residents HUMBLY SHEWETH
Whereas this province has the lowest workers' compensation rate in Canada at 80% of net income;
Whereas the 2013 Statutory Review panel recommended an increase in workers' compensation rates to 85% net;
Whereas WorkplaceNL has had a funded ratio surplus in excess of 110% since 2014;
Whereas employers have benefitted from substantial decreases in assessment rates these past years;
Whereas any increase in the workers' compensation rate must be legislated through the House of Assembly;
Whereupon the undersigned, your Petitioners, humbly pray and call upon the House of Assembly to urge Government to legislate an increase to the income replacement rate of workers' compensation to 85%.
And as in duty bound your Petitioners will ever pray.
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