Section #: 
31.05
Effective date: 
Saturday, September 1, 2007
Last update: 
Thursday, June 20, 2019

 

Policy Purpose

The Workers Compensation Act (the Act) establishes the Accident Fund to provide for the payment of compensation, outlays and expenses associated with the workers compensation system. The Act also requires that sufficient funds be available for the payment of all current and future liabilities, and the maintenance of reserves sufficient to ensure the financial security of the system in the long term. 

This policy is a framework to guide the management of the Accident Fund to ensure the workers compensation system's financial security against risk and uncertainty. 

 

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