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    2024 was a record year for Workplace NL and NL has one of the lowest rates of lost injury time in Canada

    Monday, 7 July 2025 12:34

    By Tonya Organ

    The rate was 1.3 in 2023 and 1.4 five years ago in 2020. and they ended the year in a better-than-expected funded position due to investment returns. 

    WorkplaceNL is reporting a lower lost-time injury rate reaching another historic low at 1.2 per 100 workers in 2024 ….and is one of the lowest in Canada. The rate was 1.3 in 2023 and 1.4 five years ago in 2020. and they ended the year in a better-than-expected funded position due to investment returns.  As of last December, the Injury Fund was fully-funded at 131.6 per cent, yet only 121.0 per cent funded in 2023 and 125.5 per cent funded in 2020. It costs more to cover a claim so the average assessment rate paid by employers increased to $1.73 per $100 of payroll ($1.69 in 2023). 

     

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