We are releasing, with this bulletin, the 2000 wage table. This table replaces the 1999 Residual Earning Capacity Wage Table that the Financial Services Commission of Ontario (FSCO) circulated to property & casualty insurers and Residual Earning Capacity Designated Assessment Centres (REC DACs) through FSCO Bulletin No. A-1/99, dated January 27, 1999.
Under the Assessment Guidelines - a guide to conducting REC DAC assessments, issued by the Minister’s Committee on the Designated Assessment Centre System (July 1999), REC DACs are to consult the relevant wage table for determining REC assessments of statutory accident benefit claimants, who were involved in accidents that occurred between January 1, 1994 and October 31, 1996.
The attached 2000 Residual Earning Capacity Wage Table lists the range of wages that are related to each category of occupation and a person’s years of experience in that occupation, as defined by Statistics Canada. The wage table is to be used only for REC DAC assessments conducted after January 1, 2000. Insurers were informed of the 2000 indexation percentage of 2.6 per cent that is applicable to benefits and maximum limits under the Bill 164 SABS through FSCO Bulletin No.A-6/99 on December 9, 1999.
Please ensure that your claims and adjusting staff as well as your Dispute Resolution co-ordinators receive a copy of the 2000 Wage Table. The French-language version of the Wage Table is available upon request through the FSCO Publication Request telephone line at (416) 590-7298, or it can be downloaded from the FSCO’s Internet website at http://www.fsco.gov.on.ca
Dina Palozzi
Chief Executive Officer and
Superintendent of Financial Services
February 8, 2000
ISSN 1481-1499