March 4, 2010

Council of Ontario Construction Associations AGM

WSIB shouldn't rush rate hikes to cover unfunded liability: COCA president

In its effort to eliminate the unfunded liability, the Workers Safety & Insurance Board should not hike premiums too quickly or it could make Ontario an unattractive place to do business, says the president of the Council of Ontario Construction Associations.

“We have to move forward in consultation with the WSIB in order that there is some balance in the plan going forward,” Ian Cunningham said in an interview at COCA’s AGM in Toronto Feb. 25.

He was discussing a just released report from WSIB chair Steven Mahoney that looks at areas where the board can improve going forward, including eliminating the unfunded liability.

“Chairman Mahoney recognizes that he can’t increase rates in a short period of time; that this would create an uncompetitive look for Ontario and this would disadvantage Ontario employers.”

“On the other side,” Cunningham added, “the province and employers have to be fair to hard-working workers who through no fault of their own become injured in the workplace.”

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