At the end of May, the Saskatchewan Workers’ Compensation Board (WCB) shared its 2022 results at its annual general meeting (AGM), held in Saskatoon. The WCB’s CEO, Phillip Germain, and members of the WCB’s executive team also provided attendees with an overview of the WCB’s financial, strategic and operating highlights, including 2022 workplace injuries and fatalities statistics.

The WCB has remained in a fully funded position at 114.8 per cent in 2022, an increase from 107.6 per cent in 2021. The improvement in the funded position is primarily related to the reduction in the benefits liability, based on changing claim cost experience compared to expectations, and changes in actuarial methods and assumptions. This position ensures that the organization has the capacity to cover the future costs of all claims in the system.

“Maintaining a strong funding position is vital to support injured workers in our province through benefits and programs to help restore their abilities,” said Germain. “A solid funding position also provides employers with the confidence that their needs will be met, as we strive toward enhancing our efficiencies and customer experience.”

In March 2023, WorkSafe Saskatchewan, the partnership between the WCB and the Ministry of Labour Relations and Workplace Safety, launched a new strategy that focuses on two key streams of work that will be undertaken to reduce injuries and fatalities – a regulatory and enforcement stream, and a prevention and learning stream. Building on the success of the initial strategy launched in 2019, the new strategy lays out a direction for working together with stakeholders to address high-risk industries and occupations that are resulting in workplace fatalities and injuries.

“Without question, we must continue to work together to make all workplaces in Saskatchewan safe,” said Germain. “Working with our stakeholders – including employers, unions, researchers and associations – the updated Fatalities and Serious Injuries Strategy will guide us in our efforts to bring injury rates down. We will continue to work with our partners to enhance our workers’ compensation system and to ensure that every Saskatchewan worker returns home safely at the end of each workday.”

For more information on these results, the WCB’s 2022 annual report is available online at