Employers, workers concerned about EI program debt as premiums set to rise
“With the 5 cent increase, the rate will become $1.63 in 2023, which remains one of the lowest rates observed in Canada’s history,” said Jane Deeks, the minister’s director of communications.In 2021, the Liberals campaigned on a promise to modernize EI and pledged to expand the program to cover self-employed workers and address gaps, including those highlighted by the COVID-19.
“Sometimes workers are willing to work, are in the right place, and have the required skills, but the jobs are just not available,” Corak wrote in the note, which is addressed to Qualtrough.Corak suggests the federal government should cover increased costs to the program caused by unexpected economic shocks. At the same time, it should collect any surpluses accumulated during times of low unemployment.
“I’m sort of looking between the tea leaves here thinking, OK, that might be a way to get federal government financing involvement into the program,” Corak said.
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Workers, employers are calling on the federal government to pay off EI program debtWith employment insurance premiums set to rise in the new year, both employers and workers are calling on the federal government to step in and rescue the program from the considerable amount of debt it has fallen into since the COVID-19 pandemic.
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