Thursday, February 07, 2008

Benefit Rate Changes effective January 1, 2008

By now you may have noticed an increase in your WSIB cheque which you receive and were wondering whether it was correct. Here is an explanation to help you decide if the amount you received is correct:

The clothing allowance benefit has been increased by 2.5%.

The Independent Living Allowance, Personal Care Allowance and the Guide & Support Dog Allowance were increased by the Consumer Price Index or 2.5 %.

The Personal Care Allowance(general rate) and the Non-Professional Escort fee was increased to $8.75 per hour.

For accidents after January 1, 1998, the monthly benefits cheques are recalculated on January 1 every year. The WSIB establishes a schedule of Net Average Earnings (produced by Actuarial Services and distributed by the Communications Division) for all levels of earnings up to the statutory maximum which reflects current rates for income tax, EI premiums, and CPP/QPP premiums in accordance with s.55 of the Workplace Safety and Insurance Act (the Act). The schedule is conclusive and final.

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