After decades of being underfunded – meaning more benefits were owed to workers and their families into the future than the value of the assets available – WCB Nova Scotia marked the end of 2020 with a funded ratio of 102.9 per cent. This major milestone and new funding reality, which was shared in the organization’s annual report last week, is a corner of optimism, as we serve workers and employers in an overall economy that will be defined by possibility and renewal.
The 2020 Annual Report also recaps operational highlights, including the challenge of creating healthy, safe returns to the workplace following injury, and tells the story of workplace fatalities which reached a tragic high last year of 32. WCB’s injury and fatality statistics were released earlier this year. Learn more.