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

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3.9.1 Fully Funded Accident FundThe term “fully-funded” is used to describe the situation when the present value of theWCB’s assets (e.g., money in the bank and investments) equal an actuarial evaluation ofits liabilities (e.g., current and future compensation payments).Stakeholders asked the Panel to consider recommending that the Accident Fund mustalways be in a fully funded position.Respondents to the Stakeholder Questionnaire agreed that the WCB Board of Directorsshould be required to maintain the Accident Fund in a fully funded position.The Panel agrees. There should be no question that funds are available now and in thefuture to fulfill compensation obligations. One of Meredith’s principles is “security ofpayment.” Ensuring that the Accident Fund is fully funded is in keeping with security ofpayment.Recommendation: 3.9.1 Fully Funded Accident Fund1. The legislation should be changed to require the Accident Fund to be fully funded.3.9.2 Accident Fund SurplusThe term “surplus” is used to describe the situation when the present value of the WCB’sassets exceeds its liabilities. The difference is the amount of the surplus.A stakeholder suggested to the Panel that the WCB should never have a surplus.The WCB Board of Directors is responsible for the expenditures of the WCB. There area number of ways they are held accountable for their stewardship of the Accident Fund,including the use of any surplus. The Panel sees the use of any surplus as an operationalissue.WCB Legislative Review Panel Report Page 71 of 128December, 2001
3.9.3 Authority to Make InvestmentsThe WCB Board of Directors has the exclusive authority (Subsection 60(1)) to makeinvestments. Subsection 60(2) limits that authority to specific types of investments.Some stakeholders were concerned that the WCB Board of Directors may be directed tomake investments by Government.The Panel believes that the Acts preserve the WCB Board of Directors’ independence tomake investment decisions without any undue influence or direction.3.10 Access to InformationOne of the general themes arising from the public consultation process was transparency.The Panel views easy access to information held by the WCB as an important way topromote transparent administration of the Acts. It should be clear that the Panel’s supportfor transparency does not extend to unauthorized access to or disclosure of stakeholderfiles or records.3.10.1 Access to WCB DocumentsMany stakeholders told us about problems they had in gaining access to information heldby the WCB. Some were interested in seeing the procedures used by WCBadministration to implement the Acts or the policies of the WCB Board of Directors andthe minutes of Board meetings.The WCB has provided electronic access to the Acts and policies of the WCB Board ofDirectors, as well as other information, on the WCB website. Stakeholders reminded thePanel that not all stakeholders have computers to access the website.WCB Legislative Review Panel Report Page 72 of 128December, 2001
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Accountable…to stakeholdersCompen
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Table Of Contents3.4.3 Employers’
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Table Of Contents5.0 A FINAL WORD 1
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The Legislative Review Directorate
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3.0 Workers’Compensation Acts3.1
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2.0 General ThemesDuring the course
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The Panel has generally adopted the
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The Panel did receive positive comm
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wanted was to return to work and st
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2. Are there workers in specific in
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Panel feels legislation should be p
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3.2 WCB Authority and Accountabilit
Page 25 and 26: WCB Board of Directors may chose to
Page 27 and 28: 3.2.6 Regular Reviews of the Worker
Page 29 and 30: Recommendations: 3.2.8 Liability Pr
Page 31 and 32: Legislation in 2 other jurisdiction
Page 33 and 34: The legislation in other jurisdicti
Page 35 and 36: ones held accountable for a decisio
Page 37 and 38: members may be reappointed to the W
Page 39 and 40: Some suggested that having a compen
Page 41 and 42: Recommendations: 3.4.2 Workers’ A
Page 43 and 44: The WCB Board of Directors made the
Page 45 and 46: esolutions committees, under the au
Page 47 and 48: The Appeals Tribunal must give the
Page 49 and 50: The Panel considered the establishm
Page 51 and 52: Recommendations: 3.5.5 Time Limits
Page 53 and 54: are not familiar with some of the u
Page 55 and 56: The Panel was interested in the Ont
Page 57 and 58: Workers’ compensation payments ar
Page 59 and 60: 3.6.3 Year’s Maximum Insurable Re
Page 61 and 62: The Acts are very specific in some
Page 63 and 64: 3.6.5 Indexing Compensation by Comm
Page 65 and 66: 2. The legislation should be change
Page 67 and 68: The Panel considered whether the in
Page 69 and 70: The Panel heard from some stakehold
Page 71 and 72: The Acts require any employer, whet
Page 73 and 74: Respondents to the Stakeholder Ques
Page 75: The Panel agrees. We see prior cons
Page 79 and 80: Respondents to the Stakeholder Ques
Page 81 and 82: The duty to accommodate is not an o
Page 83 and 84: payments such as income tax or payr
Page 85 and 86: 3.13 Environmental ChangeThe Acts h
Page 87 and 88: construction permits is a matter of
Page 89 and 90: date sections, reordering the “pa
Page 91 and 92: The Panel has recommended changes t
Page 93 and 94: the WCB when it is contemplating ch
Page 97 and 98: The Panel was asked to consider rec
Page 99 and 100: No other jurisdictions regulate wor
Page 101 and 102: 4.2.5 Safety InspectionsSome stakeh
Page 103 and 104: 4.4 Employer Responsibilities4.4.1
Page 105 and 106: The Panel feels that the instrument
Page 107 and 108: Recommendation: 4.6.2 Consistency w
Page 109 and 110: others have experience as employers
Page 111 and 112: While the Panel heard positive comm
Page 113 and 114: 5. Operational versus Legislative I
Page 115 and 116: 3. The legislation should be amende
Page 117 and 118: 3. It is suggested that the first r
Page 121 and 122: Recommendations: 3.5.5 Time Limits
Page 125 and 126: Recommendation: 3.7.3 Rewarding Saf
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Recommendation: 3.12.4 Employer Rec
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2. The legislation should be change
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Regulations (see also Recommendatio
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5.0 A Final WordThe Panel has recom
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Glossary and DefinitionsAccident Fu
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Glossary and DefinitionsNet annualr
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WCB Legislative Review Panel Terms
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WCB LEGISLATIVE REVIEW PANELTERMS O
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STAKEHOLDER QUESTIONNAIRE AND SUMMA
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SUMMARY OF ISSUES FROM PUBLIC HEARI
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Key:SUMMARY OF ISSUES FROM PUBLIC H
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Key:SUMMARY OF ISSUES FROM PUBLIC H
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SUMMARY OF FORMAL PRESENTATIONS AND
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SUMMARY OF FORMAL PRESENTATIONS AND
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