b'WSIBA PATHTHROUGHTHE WSIBRATE FRAMEWORKBY MICHAEL ZACKSNew system started on January 1, 2020T he Rate Framework isEach class has between 40 to 80THE OFFICE OF a generational changerisk bands in 5% increments. in how the WSIBEmployers will either move up or will determine yourdown a maximum of three riskTHE EMPLOYER premiums. Everythingbands per year depending on changed on January 1,their accident costs once the RateADVISER (OEA) IS AN 2020 when the newFramework is fully operational. system started. For the next three years there will be a transition process to cushionINDEPENDENT AGENCY The Office of the Employerany increases. Adviser (OEA) is an independentOF THE MINISTRY OF agency of the Ministry ofThere will be a new prospective expe-Labour that can help answer your Rate Framework questionsrience rating model with no rebatesLABOUR THAT CAN and provide advice on theor surcharges. The premium rate is set for the year based on employer process. We are funded by yoursize and the class the employerHELP ANSWER YOUR premiums. There is no chargeis in. Employers will bear their for our services. We have staffaccident costs for six years. TheRATE FRAMEWORK across Ontario and all ourcosts will be weighted with the most services are confidential. recent three years at 66.6% and the prior three years at 33.3%.QUESTIONS AND The key Rate Framework changes are: By now all Ontario employers willPROVIDE ADVICE ON have received a letter from thea new classification system;WSIB stating the employers actualTHE PROCESS. WE premium rate for 2020, and thea new single prospectiveprospective premium rate. TheARE FUNDED BY YOUR actual rate is the premium rate experience rating system for allused to calculate the employers employers; and premium. The prospective rate isPREMIUMS. THERE IS the premium rate the employera limited ability to havewould pay if it were not for the NO CHARGE FOR OUR multiple classes or rate groups. WSIBs transition process.The new classification system isIn 2020, employers will stay at theirSERVICES. WE HAVE based on the North Americanactual premium rate, then, if costs Industry Classification Systemincrease, move up one risk band inSTAFF ACROSS ONTARIO (NAICS). All employers will be2021, and two risk bands in 2022. placed in one of 34 new classesIn 2023, the employer will moveAND ALL OUR SERVICES based on which class has theup to three risk bands. Employers greatest share of a companyswill be able to move down or up insurable earnings. to three risk bands throughoutARE CONFIDENTIAL.24 H 2 OSWCAFall/Winter 2019'