The consequences of living beyond our means have been made plain to all in recent years. Notable examples include the market meltdown of 2008, the decline of the US dollar and the Euro zone crisis.
Closer to home, the “unfunded liability” of the Workplace Safety and Insurance Board (WSIB) has been (to my recollection) a topic of discussion among WSIB practitioners for decades, especially among those who represent employers.
Some time ago, well-known Professor Harry Arthurs was tasked with carrying out a comprehensive review of the WSIB system and making recommendations with a view to making it financially sound and stable.
Professor Arthurs’ 188 page Report has now been released and is available online.
We will soon be providing a more detailed review of the Report and its recommendations.