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Q4 2017 Report to stakeholders highlights

2017 ended on a strong note.

The lost-time injury (LTI) rate for Schedule 1 employers remained low, at 0.92 allowed lost-time claims per 100 people, and was below historic standards.

As well, nine out of ten people (90.6 per cent) returned to work without wage loss within 12 months of their injury. These strong results have been driven by ongoing positive performance in our Return to Work and Work Transition programs.

Our service levels also improved. This year, 73 per cent of people injured at work and 77 per cent of employers reported overall satisfaction with the WSIB, compared to 71 per cent and 77 per cent, respectively, in 2016. We never lose sight of the importance of improving the overall experience for those we serve.

We made great strides on transforming our financial position. Our unfunded liability has been reduced from over $13 billion in 2012, when we started reporting on a Sufficiency Ratio Basis, to approximately $1.3 billion at year-end 2017. This is a decrease of over $2.6 billion or 66.3 per cent since December 31, 2016.

The chart displays the historic Sufficiency Ratios, unfunded liabilities on a Sufficiency Ratio basis for the last six years ending December 31, and the legislated funding requirements. The Sufficiency Ratio has improved dramatically and the unfunded liability on a Sufficiency Ratio basis has decreased significantly over the last five years.

Read more about our fourth quarter results in the Report to Stakeholders (PDF).

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