At its Annual General Meeting, the Workers’ Compensation Board reported that it remained fully funded at 112.4 per cent last year. Workplace Total injury rate decreased to 4.46 per 100 workers and the Time Loss injury rate decreased to 1.78 per 100 workers in 2020.

In 2020, 90 per cent of Saskatchewan workplaces reported zero injuries or fatalities, compared to 88 per cent each of the previous four years. Last year, 34 workplace fatalities were reported, down from 36 in 2019.
Claim costs were $319.6 million in 2020, up from $281.0 million in 2019.

The WCB’s Injury Fund was at $479.6 million as of year-end 2020, compared to $567.3 million in 2019.

As a result of lower premium revenue, a decline in investment markets, increased claim costs and operational challenges resulting from the COVID-19 pandemic, the WCB posted a loss of $83 million in 2020.