Board reviewing policy options for when workings are entitled to payment of interest on compensation benefits
WorkSafeBC, British Columbia’s workers’ compensation board, is looking for input from stakeholders on its interest policy for benefits.
The current interest policy recognizes the circumstances in which interest is payable under the Workers Compensation Act. Policy also provides that interest may be payable where there was a blatant board error that requires a retroactive payment of compensation benefits.
At issue is a review of the policy options for when workers are entitled to the payment of interest on compensation benefits.
The Policy and Regulation Division at WorkSafeBC has prepared a discussion paper with potential policy options on determining entitlement to interest payments for stakeholder review and comment.
Stakeholders are invited to review the discussion paper and proposed policies and to provide feedback by Nov. 30, 2012.
For more information, see www.worksafebc.com/regulation_and_policy/policy_consultation/law_40_10_960.asp
