WorkSafeNB is required by the Workers Compensation Act to calculate the percent increase in the Consumer Price Index and adjust New Brunswick Industrial Aggregate Earnings, maximum annual earnings, and maximum yearly assessable earnings effective for the first of January each year.
When the percentage increase in the Consumer Price Index is negative, WorkSafeNB will apply a percentage increase of 0%.
New Brunswick Industrial Aggregate Earnings
Maximum Annual Earnings
Maximum Yearly Assessable Earnings
Allowances and Benefits
38.1(1) definition of “maximum annual earnings” and “New Brunswick Industrial Aggregate Earnings”
Information contained in appendix A and B is updated at the beginning of each calendar year.
The New Brunswick Industrial Aggregate Earnings - means the amount set by the Commission as of the first day of January of each year, which shall be equal to $27,323 for the year 1993 and which shall thereafter be increased by the percentage increase in the Consumer Price Index for Canada for all items for the twelve month period ending the thirtieth day of June in each year as determined by the Commission in August of each year on the basis of monthly reports published in that respect by Statistics Canada for that period.