For years, Ontario’s Workplace Safety and Insurance Board was a concern for employers, workers and policymakers. And justly so: Nowhere were the WSIB’s problems more evident than in the ballooning size of its unfunded liability, or “UFL,” which is the gap between future obligations to injured workers and the money on hand to pay for them. In 2009, for example, the Auditor General warned the WSIB’s costs had begun to so badly outstrip its revenues that the system faced collapse. Subsequently, the province legislated a strict timetable for eliminating the UFL by the end of 2027.
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