How does the PIR financial incentive work?
Successful municipalities can earn a PIR discount from the Workers' Compensation Board. To qualify for the discount, municipalities must have a valid COR or SECOR and meet additional Partnerships program requirements. The incentive ranges from 5% to 20% of the industry premium rate, depending on the municipality's claims cost history. This discount is in addition to any reduction or discount from WCB.
Individual employers will pay less or more than their industry rate, depending on their injury/illness experience. High claims and claims costs will cause an employer to pay a higher rate while lower claims and claims costs will contribute to a reduction in an employer’s premium rate. The incentives are based on industry rates rather than individual employer rates.
- An employer will receive a 5% rebate for achieving/maintaining a COR
- A first-time COR holder will receive a 10% rebate for achieving a COR, or
- An employer will receive up to a 20% rebate for improving its performance from previous years or performing significantly better than other participating organizations in its industry (i.e. maintaining industry leadership).
Note: The employer is not eligible for a combination of rebates; the WCB chooses the best rebate available for the employer.
