Manitoba Workers Compensation Board Rebating Surplus Premiums

The Workers Compensation Board of Manitoba has announced plans to rebate surplus funds to employers whose premiums fund the workers compensation system. The WCB states that strong investment returns, prudent financial management, and a stable reserve fund have allowed it to return $122 million to employers that will come in the form of a credit equivalent to 50 per cent of a rate payers 2024 premium. RCC was actively supporting a movement by a coalition of organizations to return these surplus reserves.