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Pursuant to Section 82 of the Workers Compensation Act, RSBC 1996, Chapter 492 and amendments thereto (the "Act"), the Panel of Administrators (the "Panel") must approve and superintend the policies and direction of the Workers Compensation Board (the "Board") including policies respecting compensation, assessment, rehabilitation and occupational safety and health and must:
82(A)(ii) review and approve operating policies of the Board, 82(A)(iii) approve operating and capital budgets of the Board, 82(A)(v) approve major programs and expenditures, 82(A)(vi) plan for the future of the Board,
Section 42 of the Act authorizes the Board to adopt a system of experience rating in order to establish differentials in the rates between the industries or plants within a class or subclass;
The Panel has approved an employer classification system and experience rating plan to take effect on January 1, 2000.
The Board will recalculate the experience rated assessment for all employers and independent operators as of January 1, 2000;
The Assessment Department has recommended that, in one situation, employers and independent operators should retain their current experience rated assessment after January 1, 2000;
DATED at Richmond, British Columbia, September 21, 1999.
| By the Workers' Compensation Board |
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| DON COTT, CHAIR PANEL OF ADMINISTRATORS |