Policy Update 08-23

Date: 2023-12-01

Information protection, access and disclosure #21.50: The guidelines have been updated.
Cost relief/cost transfer - Class E employers #31.05.10: The 2024 threshold amount for recalculating current year and prior years' assessment rates was added into Appendix B of this policy
Statement of investment policies and objectives #32.00: Policy 32.00 was amended by Board Order 37/23 on September 28, 2023. Updates to the policy include annual updates to the characteristics of the Policy Asset Mix table and expansion of the allowable mix ranges for alternative asset classes.
Terms and conditions of optional coverage #35.10.120: The 2024 minimum and maximum coverage amounts were added into Appendix A of this policy.
Rehabilitation for spouses or common-law partners of deceased workers #43.10.50: The 2024 maximum annual net employment income level was added into Appendix A of this policy.
Relocation #43.20.40: Reimbursement of Relocations Costs (Attachment B) was adjusted effective October 1, 2023.
Recurring effects of injuries and illness (recurrences) #44.10.20.60: The 2024 maximum and policy cap levels were added into Appendix A of this policy.
Annuities #44.100.20: The 2024 threshold levels for converting a lump sum payment into an annuity and eligibility for independent financial advice were added into Table A of this policy.
Support for daily living #44.120.30: The 2024 clothing and footwear allowances were added to section C of the Administrative Guidelines.
Safe Work Certified Program (SWCP) #52.30: The SAFE Work Certification Guidelines for Individually Assessed Employers was added to the guideline section of this policy.
Prevention Rebate Program Policy #52.40: The policy was updated to confirm that only Class E employers are eligible for a prevention rebate.

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