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.
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.
Established in 1995, First Reference provides organizations with practical and authoritative resources to help ensure compliance with constantly changing Canadian legislation and best practice