Strategic Plan

Workers Compensation Board of Prince Edward Island

Strategic Plan

Managing an effective safety and compensation system requires comprehensive planning.

The WCB's 2019-2023 Strategic Plan maps out the future course for our organization and guides the work that we do on behalf of our stakeholders. The plan is based on the WCB’s mission, vision and values, and focuses on five strategic priorities:

Build a culture for safe and healthy workplaces
Deliver client-centered services and supports
Strengthen our system
Grow strategic partnerships
Strengthen our organization

To download the the 2019-2023 Strategic Plan, please click here.

Read the News Release here.

November 26, 2021

Workers Compensation Board of PEI announces 2022 Rates and Surplus Distribution to Employers

The Workers Compensation Board of Prince Edward Island has announced a reduction in the estimated average assessment rate for Island employers. The estimated average assessment rate for 2022 will be $1.43 per $100 of payroll, which is a 9% or 14 cent decrease from 2021 rates.In accordance with the Board’s Funding Policy and considering the funding status of the WCB, a 7 cent reduction has been applied to the required gross rate of $1.50 to bring it to $1.43.Furthermore, a $25.5 million surplus distribution will be paid to employers in 2021, which is equal to approximately 15% of the Boards total liabilities (valued at $166.3 million) at December 31, 2020.A surplus distribution may be considered if the Boards funding status is greater than 140%. The funding status at December 31, 2020 was 155.4%.This announcement follows a decade of declining assessment rates, very strong investment returns, strong growth in the Island's assessable payroll, a focus on injury prevention and return to work efforts and generally, an overall strong funded position and a funding policy that focuses on sustainability and minimizing volatility, while offering service and increased supports to injured workers.“We are pleased to be able to provide stable and decreasing rates in a time where our Island economy has encountered many serious disruptions and instability in being able to project into the future,” said Jim MacPhee, Chair of the Workers Compensation Board.With a 2022 estimated value of approximate $34.0 million dollars, claim costs are the most significant cost driver considered during the annual rate setting process. Improved claim cost estimates have contributed to the decreased estimated average assessment rate of $1.43 for the 2022 year.All Island employers will be advised of their individual assessment rates in December 2021, which are based on the costs of claims and the risks of workplace injury in their specific industries and further are experience rated to the firm level. For more information on the assessment rate groups, please visit wcb.pe.ca/2022rates. The surplus will be distributed to eligible employers in December 2021. For more information on the most frequently asked questions related to the surplus, visit wcb.pe.ca/surplus.

November 17, 2021

Passing of WCB Staff Member

It is with heavy hearts we acknowledge the tragic passing of one of our WCB team members, Melissa MacDonald and her beautiful daughter, Layla. Our deepest sympathies go out to Melissa's husband and son at this incredibly difficult time.

View All

Guide to Joint Joint Occupational Health and Safety Committees