Reforming Workers' Compensation in Ontario 

Executive Summary (continued)

IV    THE LONG TERM PLAN

Marsh & McLennan also proposes that the ultimate aim of reform be the implementation of a private sector system of workers' compensation.  Such a system will provide fair benefits for workers and incentives to return to work, and will be disciplined by financial accountability.

V    WHAT'S AT STAKE

Failure to reform the current system will inevitably have negative implications for all Ontarians.  We all pay for economic inefficiency when businesses have to recover their costs from consumers or relocate to remain competitive.  Jobs for Ontarians and future investment will be lost if the current system remains in place.

VI    THE CHALLENGE TO THE NEXT  GOVERNMENT IN ONTARIO

Government is charged with responsibility to do what is best for all Ontarians.  The cumulative effect of the provincial government's workers' compensation decisions is the creation of a system which harshly penalizes employers, ill-serves workers and provides inadequate incentive to return to work, and further erodes Ontario's reputation as a good place to do business.

Marsh & McLennan challenges the next provincial government, within its five-year mandate, to take the following steps toward reintroducing balance into Ontario's worker compensation system:

• Eliminate the Workers' Compensation Board $11.4 billion deficit during the next five years.

• Introduce meaningful long term changes to the structure of the system with a view to handing stewardship to the private sector.

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Full versions of this paper are available by request.  Please email us at: dbyers@scmcphee.com

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