How to Calculate Stat Pay in Ontario 2018
Calculating STAT Pay in Ontario for 2018 involves determining the weekly benefit amount based on the worker's average weekly earnings. This guide explains the process step-by-step and provides a calculator for quick results.
What is STAT Pay?
STAT Pay, or Statutory Accident Benefits, is a form of workers' compensation in Ontario that provides temporary financial support to employees who are injured or become ill while at work. The amount of STAT Pay is based on the worker's average weekly earnings.
The Ontario Workplace Safety and Insurance Act (WSIA) governs STAT Pay benefits. Workers must have been employed for at least 90 days before the accident to qualify for STAT Pay.
How to Calculate STAT Pay
To calculate STAT Pay, follow these steps:
- Determine the worker's average weekly earnings over the 52 weeks before the accident.
- Multiply the average weekly earnings by the STAT Pay rate (which was 60% in 2018).
- Round the result to the nearest dollar.
Formula
STAT Pay = (Average Weekly Earnings × 0.60) rounded to the nearest dollar
The maximum STAT Pay benefit in 2018 was $510 per week. If the calculation exceeds this amount, the worker receives the maximum benefit.
Note: The STAT Pay rate and maximum benefit amounts may change each year based on government regulations.
Example Calculation
Let's calculate STAT Pay for a worker with an average weekly earnings of $800.
- Average Weekly Earnings = $800
- STAT Pay Rate = 60% (0.60)
- Calculation: $800 × 0.60 = $480
- Since $480 is less than the maximum of $510, the worker receives $480 per week.
In this example, the worker's STAT Pay would be $480 per week.
Important Notes
- STAT Pay is temporary and lasts for a maximum of 156 weeks (3 years).
- Workers must report their injury to their employer and to WSIB (Workplace Safety and Insurance Board) within 30 days.
- STAT Pay does not cover medical expenses or lost wages beyond the 156-week limit.
- For injuries occurring on or after January 1, 2018, the STAT Pay rate was 60%.