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March 22, 2012

Ontario faces a $19.7 billion unfunded liability at its Workplace Safety Insurance Board (WSIB) based on a fair-value accounting approach, according to a report from the C.D. Howe Institute. In “The Hole in Ontario’s Budget: WSIB’s Unfunded Liability,” authors Colin Busby and Finn Poschmann say the WSIB,  which levies employer premiums intended to fund benefits for employees injured in the workplace, has a problem that needs addressing: the WSIB’s pace of revenue collection and asset accumulation has not matched growth in current and expected benefit entitlements.

 

Colin Busby
Colin Busby

Colin Busby was awarded the 2007 C.D. Howe Research Fellowship and joined the Institute as an analyst thereafter. While writing broadly on economic issues, his emphasis is on fiscal and social policy. Appointed Associate Director of Research in 2016, Colin focuses his attention on the Institute’s healthcare policy and human capital research.

Finn Poschmann
Finn Poschmann

Finn Poschmann graduated in economics from Carleton University in Ottawa in 1986 and is President & CEO of the Atlantic Provinces Economic Council.

He was previously Vice President, Policy Analysis at the C.D. Howe Institute, where he held a variety of positions since January 1998.