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Detailed POP compensation table
Self-employed workers who applied for Personal Optional Protection (POP) coverage can use the POP compensation table to determine the approximate benefit levels or initial wage rate, payable for the first 10 weeks of a compensation claim.
For information on how the tables are calculated, read determination of compensation tables.
WorkSafeBC sets initial wage rates by converting the monthly coverage purchased to an annual income amount. The probable amounts of federal and provincial income tax (based on the personal tax credit amount x 1.5), Canada Pension Plan contributions, and Employment Insurance premiums are deducted from the annual income amount to produce a net income figure. WorkSafeBC pays 90% of your net income.
WorkSafeBC uses the same formula for first 10 weeks of all claims regardless of individual personal tax circumstances. If a claim continues for longer than 10 weeks, the Board revises the benefit level taking individual tax circumstances into account.
To determine an initial wage rate, locate your monthly coverage purchase in the POP compensation table. For each monthly coverage amount, the weekly wage rate is displayed as 90% net weekly.
Detailed 2008 POP compensation table
Monthly
coverage purchased |
Gross annualized earnings |
Federal tax |
Provincial tax |
C.P.P. |
E.I. |
100% net annual |
90% net annual |
90% net weekly |
You can also see the 2008 POP compensation table in PDF.
Note: POP wage rates are based on the amount of coverage purchased and not subject to Section 29(2) of the Workers Compensation Act concerning minimum wage rates.
The information displayed within the table may not reflect the actual benefit levels paid on a particular claim. Individual benefit payments may be impacted by a number of factors that WorkSafeBC is required to consider. These may include, but are not limited to, existing WorkSafeBC pensions, overpayments on previous claims, and proof of earnings.
You may also view POP compensation tables from previous years.
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To view PDF documents you must have Adobe Acrobat Reader installed on your system. To obtain a copy of the free reader visit the Adobe web site. |