10.07.2015 Views

Act Now - The Report of the WCB Legislative Review Panel to the

Act Now - The Report of the WCB Legislative Review Panel to the

Act Now - The Report of the WCB Legislative Review Panel to the

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Glossary and DefinitionsNet annualremuneration:<strong>Panel</strong>:StakeholderQuestionnaire:Stakeholders:Surplus/Deficit:Means <strong>the</strong> annual income <strong>of</strong> an injured worker from <strong>the</strong>iremployment, including wages, overtime, bonuses, and somefinancial benefits, less statu<strong>to</strong>ry deductions like income tax,Canada Pension Plan contributions, and Employment Insurancepremiums.<strong>The</strong> <strong>Panel</strong> means <strong>the</strong> <strong>WCB</strong> <strong>Legislative</strong> <strong>Review</strong> <strong>Panel</strong> appointed by<strong>the</strong> Ministers <strong>to</strong> review workers’ compensation and safetylegislation and present a report <strong>to</strong> <strong>the</strong> Ministers.<strong>The</strong> Stakeholder Questionnaire was prepared by <strong>the</strong> <strong>WCB</strong><strong>Legislative</strong> <strong>Review</strong> <strong>Panel</strong> and sent <strong>to</strong> workers, injured workers,employers and o<strong>the</strong>r interested stakeholders <strong>to</strong> find out whatstakeholders think about workers’ compensation and safety issues.Stakeholders are primarily workers, injured workers andemployers. Stakeholders also include <strong>the</strong> dependants <strong>of</strong> injuredworkers and interested members <strong>of</strong> <strong>the</strong> public like unions andemployer associations.Means <strong>the</strong> difference between <strong>the</strong> “present value” (a financialcalculation) <strong>of</strong> <strong>the</strong> <strong>WCB</strong>’s assets, such as money in <strong>the</strong> bank andinvestments, and an actuarial evaluation (a financial calculation) <strong>of</strong>it liabilities, such as current and future compensation paymentsowing <strong>to</strong> injured workers and <strong>the</strong> cost <strong>of</strong> administration. <strong>The</strong>amount <strong>of</strong> a surplus is <strong>the</strong> amount by which assets exceedliabilities. <strong>The</strong> amount <strong>of</strong> a deficit is <strong>the</strong> amount by whichliabilities exceed assets.<strong>WCB</strong>Board <strong>of</strong> Direc<strong>to</strong>rs: Means <strong>the</strong> governing board <strong>of</strong> <strong>the</strong> <strong>WCB</strong>, appointed by <strong>the</strong> NWTMinister.AcronymsAED – Au<strong>to</strong>mated External Defibrilla<strong>to</strong>rCAODC – Canadian Association <strong>of</strong> Oilwell Drilling Contrac<strong>to</strong>rsCAPP – Canadian Association <strong>of</strong> Petroleum ProducersCPP – Canada Pension PlanEI – Employment InsuranceAppendix APage A3 <strong>of</strong> A4<strong>WCB</strong> <strong>Legislative</strong> <strong>Review</strong> <strong>Panel</strong> <strong>Report</strong> December, 2001

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!