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 Back to Site Selector Data
Workers Compensation & Unemployment Insurance
2005 and 2006 Premium Rates by Sector
| Sector |
2005 Premium Rate Range |
2006 Premium Rate Range |
2005 Premium Rate Range |
Range of % Difference in Rates |
| Agriculture and Forestry |
$3.77 - $4.60 |
$3.54 - $4.32 |
$3.47 - $3.58 |
0.28% to -19.68% |
| Mining & Petroluem Development |
$0.46 - $4.75 |
$0.46 - $4.15 |
$0.40 - $3.27 |
-4.17% to -22.14% |
| Manufacturing and Processing |
$0.68 - $8.84 |
$0.67 - $6.07 |
$0.54 - $4.31 |
33.11% to -37.21% |
| Construction & Construction Services |
$1.07 - $9.88 |
$0.86 - $9.20 |
$0.83 - $8.12 |
-3.13% to -15.70% |
| Transportation, Communications & Utilities |
$0.58 - $5.69 |
$0.49 - $5.20 |
$0.43 - $4.18 |
8.77% to -30.67% |
| Wholesale & Retail |
$0.38 - $2.79 |
$0.30 - $2.29 |
$0.28 - $2.03 |
2.78% to -18.14% |
| Municipal Gov't, Education & Health |
$0.15 - $3.16 |
$0.13 - $2.76 |
$0.09 - $2.25 |
5.71% to -30.77% |
| Provincial Government |
$0.18 - $1.25 |
$0.15 - $1.17 |
$0.15 - $1.42 |
21.37% to -13.43% |
| Business, Personal & Professional Services |
$0.24 - $3.43 |
$0.22 - $3.93 |
$0.22 - $3.63 |
12.00% to -12.30% |
NOTES:
1. There are a variety of jobs within each sector, accounting for the range in premium rates.
2. Premium changes from 2005 to 2006 to 2007 were based on an assessment of each job within the sector,
therefore rates increased for some jobs while others saw a decrease.
3. The "% Difference in Rates" accounts for the smallest and greatest changes within the sector.
Source: WCB Alberta. Customer Service & Risk Management, 2007 |
Workers Compensation Facts at a Glance - 2003, 2004, 2005
| |
2005 |
2004 |
2003 |
| Number of Workers Covered |
1,539,732 |
1,428,595 |
1,401,768 |
| Claims Costs (Thousands) |
$860,972 |
$825,840 |
$860,091 |
| Registered Employers |
117,337 |
109,195 |
106,255 |
| Premium Revenues (Thousands) |
$978,910 |
$936,178 |
$877,642 |
Average Collected Premium Rate
(per $100 of insurable earnings) |
$1.83 |
$1.96 |
$1.94 |
| Investment Revenue (Thousands) |
$556,214 |
$224,336 |
$214,972 |
| Fund Balance (Thousands) |
n/a |
$358,978 |
$311,002 |
| Funded Position (per cent funded)* |
132.40% |
131.30% |
120.70% |
| Occupational Disease Reserve |
n/a |
$241,500 |
$231,700 |
* Funded Position includes Fund Balance, Accumulated Other Comprehensive Income and Occupational Disease Reserve.
Source: WCB Alberta |
Coverage Information - 2007
| Annual Wage Loss Coverage |
Approximate Monthly Compensation Rate |
| $20,000 |
$1,270.19 |
| $25,000 |
$1,531.39 |
| $30,000 |
$1,792.58 |
| $35,000 |
$2,053.78 |
| $40,000 |
$2,297.66 |
| $45,000 |
$2,546.66 |
| $50,000 |
$2,801.83 |
| $55,000 |
$3,056.83 |
| $60,000 |
$3,311.83 |
| $64,600 |
$3,546.43 |
Notes:
1. For 2007, $20,000 is the minumum amount of coverage and $64,600 is the maximum amount of wage loss coverage available.
Source: WCB Alberta |
Employment Insurance
| Employee EI premium rate (2007) |
$1.80 per $100 of insurable earnings |
| Employer EI premium rate (2007) |
$2.52 per $100 of insurable earnings |
| Maximum Insurable Earnings (2007) |
$40,000 |
| Maximum Annual Contribution - Employee (2007) |
$720 |
| Maximum Annual Contribution - Employer (2007) |
$1,008 |
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