E.I. Premium and Maximum Increases for 2018

14 Nov E.I. Premium and Maximum Increases for 2018

The federal government has announced an increase in the employment insurance maximum insurable earnings for 2018.

Starting on January 1, 2018, the maximum insurable earnings will be $51,700 per year. The maximum benefit amount will then be $547 per week. Benefits plans that participate in the E.I. premium reduction program will have to be amended to this amount to remain eligible for the program. Short-term disability (STD) plans with the same maximum benefit will automatically increase on January 1.

Contact us today to learn more about whether this announcement will affect you.