Sentences with phrase «froze employment insurance premiums»
Froze Employment Insurance premiums for the next three years, meaning that employees and employers will save 660 million dollars next year alone.
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In addition, the New Deomcratics do not include the various initiatives affecting Employment Insurance Benefits as a Use of Funds and the freezing of Employment Insurance premium rates at $ 1.88 per $ 100 of insurable earnings rather than letting them fall to $ 1.49, as specified in the April 2015 Budget, as a Source of Funds.
Today, finance minister Jim Flaherty announced a three - year freeze on Employment Insurance (EI) premiums, ostensibly because a stronger job market has alleviated the need for additional premium revenue.