Media Backgrounder: Funded Position
This backgrounder provides an overview of WorkSafeBC’s funded position. It explains that WorkSafeBC retains a reasonable level of assets over liabilities to provide long-term financial sustainability of the system for workers and employers. Due to higher-than-required investment returns in recent years, WorkSafeBC has surplus funds. This strong financial position has enabled improvements in the workers’ compensation system for injured workers, while keeping rates stable for employers. However, WorkSafeBC cannot assume investment returns will exceed required returns every year.