Firms will see an average decrease of 1.2 per cent
Saskatchewan Workers' Compensation Board announced that the 2011 average employer premium rate will drop by 1.2 per cent to $1.61 per $100 of payroll.
This is the sixth decrease in seven years and the lowest average premium rate in a decade.
The decision means that over 22,000 firms will see a lower rate next year. Another 2,300 firms will see no change in their rates and just over 15,000 firms will see an increase. The increases average 5.2 per cent.
"Keeping rates competitive is highly dependent on decreases in the number of injuries,'' said Peter Federko, WCB's chief executive office."There is lots of opportunity for more improvement."
Employers will receive notice of their 2011 rates in the next few days.
The rates take effect Jan. 1, 2011.
