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The basics of the WSIB’s NEER system

Understanding the basics about the WSIB’s NEER financial system is a challenge for many employers. With limited time available to prepare for the upcoming implementation of the new Rate Framework, which will replace NEER, there are a few basic concepts you should understand regarding the current program.

 

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Understanding WSIB’s NEER system more important than ever

Ontario’s workers’ compensation system is on the verge of a major overhaul and employers need to be aware of how this change will impact them. As part of the administration’s ongoing efforts to eliminate its significant unfunded liability and to modernize operations, the WSIB has proposed Rate Framework changes that are expected to come into effect in 2019.

 

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