The Saskatchewan Workers’ Compensation Board says its average employer premium rate will drop two cents to $1.58 on Jan. 1.
It’s the sixth consecutive reduction to the rate, and the eighth decrease in the past nine years.
Board chairperson David Eberle says premiums are falling because reported payrolls are growing, while injury rates have dropped more than had been expected.
More than 30,000 employers will see their premium decrease 5.4 per cent on average. Another 3,000 employers will see no change.
The remaining 9,900 employers will see increases ranging from just under one per cent to 7.5 per cent.
