The Workers Compensation Board (WCB) of Prince Edward Island announced the implementation of the most significant benefit enhancement package for injured workers in the last decade, while maintaining reasonable costs for Island employers.
Effective January 1, 2023, wage-loss benefits increased from 85% to 90% of the worker’s loss of earning capacity, when the accident occurred on or after January 1, 2023. A transitional provision authorizes this 90% payment for all individuals receiving wage-loss benefits on January 1, 2023, for accidents before this date.
This wage-loss benefits increase will impact employers who offer worker’s compensation top-ups to their employees.
More details can be found here.