WCB distributes $122 million in surplus funds to Manitoba employers

The Workers Compensation Board of Manitoba (WCB) is distributing surplus funds to employers whose premiums fund the workers’ compensation system.

This distribution is credited to the WCB maintaining financial stability due to strong investment and financial management, demonstrating the organization’s commitment to offer low and stable employer premiums and protect Manitoba’s workforce.

“Today we are announcing the distribution of surplus funds to our employers,” said Colin S. Robinson, chair of Manitoba’s WCB. “Strong investment returns, prudent financial management, and a stable reserve fund have allowed us to return $122 million to employers. This distribution will support the Manitoba economy and offer employers the opportunity to reinvest in safer workplaces.”

In May, eligible employers will receive a credit equivalent to 50 per cent of their 2024 premium. To qualify for the refund credit, employers must have fulfilled their 2024 payroll reporting responsibilities and owed a WCB premium. Employers who have not yet reported their 2024 payroll can still submit their information to receive the surplus distribution.

The Workers Compensation Board of Manitoba serves workers and employers through a no-fault insurance system integral to the Manitoba economy. Funded collectively by employers, the WCB promotes safe and healthy workplaces, facilitates recovery and return to work, delivers compassionate and supportive compensation services to workers and employers, and ensures responsible stewardship of Manitoba’s workers compensation system.

For more information, visit wcb.mb.ca.

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