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WSIB achieves historic financial milestone

from Cision

The Workplace Safety and Insurance Board (WSIB) has eliminated its unfunded liability (UFL) almost 10 years ahead of its legislated schedule, achieving a historic financial milestone. The UFL — the shortfall between the money needed to pay future benefits and the money in the insurance fund — existed for decades and reached a high of $14.2 billion in 2011. more

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