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Human Resources committee  No, if there is a surplus, it will not go back to the government. If there is a surplus, the cashiers that you refer to will be managing $ 2 billion, and a surplus on top of that. These cashiers will certainly have an important role to play!

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  You think that managing $ 2 billion is not all that much ...

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  The board will manage an amount of $ 2 billion along with the surpluses, if any. It will also make sure that the surpluses are returned to those who paid the premiums.

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  They will be granted a reduction in the premiums over the subsequent years.

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  The underlying objective of creating a Crown corporation is to ensure greater transparency. Rather than leaving the decisions in the hands of the commission, we decided to create a Crown corporation, for the sake of greater transparency.

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  I believe the decision to create a Crown corporation belongs to the minister. Its objective is to increase transparency. That is the only answer I can give you. We have already made that point.

May 1st, 2008Committee meeting

Yves Giroux

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  Our role is not to convince you, but to explain the provisions of Bill C-50. I apologize if you expected me to convince you of something. I can do my best to explain it to you, but to convince you... That is why I am not in politics, I am not good at convincing people.

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  Even if it were a blame, I could take it.

May 1st, 2008Committee meeting

Yves Giroux

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  It could take 10 years, depending on the economic conditions, the size of the deficit, and the size of the advance from the CRF. It could well take 10 years. The goal in setting limits on the premium rate, the changes from year to year, is to avoid having big hits on employees a

May 1st, 2008Committee meeting

Yves Giroux

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  No, in this case, the surplus would go into the account managed by the Canada Employment Insurance Financing Board and would be used only for reducing the EI premiums over subsequent years.

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  There are limits to rate increases or decreases. It will depend on the economic climate of subsequent years and on the rate, everything else being equal. Thus, it could be entirely spent in one year if the excellent financial climate persists.

May 1st, 2008Committee meeting

Yves Giroux

Human Resources committee  It is kept in a separate account—

May 1st, 2008Committee meeting

Yves Giroux