Media Advisory - Media Availability Conference Call - The Canada Employment Insurance Financing Board (CEIFB) to Release the 2013 Employment Insurance Premium Rate Report

OTTAWA, Sept. 12, 2012 /CNW/ - David Brown, CEIFB Board Chair, and Phil Charko, CEIFB Executive Director, will co-host a national, bilingual conference call to answer media questions on the release of the 2013 Employment Insurance (EI) Premium Rate Report. Along with the 2013 EI rates, the report includes the forecasts for cumulative deficit in the EI Operating Account. Mr. Brown and Mr. Charko will provide a brief overview and will then invite questions from members of the media. A news release will be made available prior to the conference call at 8:30 am on the CEIFB website and the Canada News Wire.

Date:		Friday, September 14, 2012
Time:		1 p.m. ET
Call-in:		Access number 613-954-9003 (Ottawa region)/ 1-866-206-0153 (national)
		Participant code 689665

About the Canada Employment Insurance Financing Board

The Canada Employment Insurance Financing Board was established as a Crown Corporation in 2008 by the CEIFB Act. It ensures that Canadians can have confidence that they pay the right EI premiums to cover the costs of the program and that premiums are used exclusively for the benefit of the program. Excess premium revenues will be invested by the CEIFB independent of the government until they can be returned to premium payers through lower premiums. The CEIFB reports to Parliament through the Minister of Human Resources and Skills Development.

The CEIFB is overseen by a board of seven directors, including a chairperson, with proven financial ability and experience. The Board of Directors is appointed by the Governor in Council, on the recommendation of the Minister of Human Resources and Skills Development from a list of nominees established by an independent nominating committee.

The financial analysis done by the CEIFB is performed by a team of actuaries adhering to professional standards. Among its activities is the detailed calculation of the premium rate that would allow the EI Operating Account to break-even based on forecast earnings and expenditures. As well, the Chief Actuary performs analyses for the Canada Employment Insurance Commission. These include the calculation of the premium reduction for provinces with maternity, parental and adoption benefits, the premium reduction for employers with wage-loss plans and the maximum insurable earnings amount.

For more information on the CEIFB please visit www.ceifb-ofaec.ca. 

SOURCE: Canada Employment Insurance Financing Board

Phil Charko, Executive Director
[email protected]
[phone]