Linked Header

Wednesday, April 1, 2009

WorkSafeNB Faces Massive Deficit

2009-04-01

16:38:45

WorkSafeNB has reported a 185 million dollar deficit for last year-- which it claims is the result of the global economic situation. The Organization has released its 2008 Annual Report which presents both positive outcomes and financial challenges. The turmoil in capital markets resulted in funding levels falling to 87.7%.

On the up side, assessment rates have decreased for the fourth consecutive year--from $2.10 in 2007, to $2.05 in 2008. That's the lowest in the Atlantic region.


 

No comments: