Mr. Bill James at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On April 1st, 2008. See this statement in context.

April 1st, 2008 / 9:45 a.m.

Director General, Employment Insurance Policy, Skills and Employment Branch, Department of Human Resources and Social Development

Bill James

I think the member is asking how the cost of the bill would be translated in premium payers. A good rule of thumb--rather than doing that calculation per capita--is that an increase in cost of $100 million per year equates to about 1¢ in the premium rate. So as a rough rule of thumb, $2 billion is equal to a 20¢ increase in the premium rate.

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