Increase to the Annual Maximum Insurable Earnings
In accordance with the Employment Insurance (EI) Act, the Canada Employment Insurance Commission will increase the annual Maximum Insurable Earnings (MIE) from $47,400 to $48,600, effective January 1, 2014. As of that date, short-term and long-term disability insurance plans that are subject to the EI maximum benefit or that contain provisions associated with the MIE will be adjusted accordingly. Any necessary adjustments to short-term and long-term disability insurance premiums will be reflected on your January 2014 billing statement.
The table below highlights the MIE changes.
|Maximum insurable Earnings|
|Maximum Weekly Employment Insurance
Benefit (55% of MIE)
If you have any questions about Employment Insurance, you can visit the Human Resources and Skills Development Canada website at www.hrsdc.gc.ca.