Rates will be determined by the board and by the actuary who would be working for them and the staff. They would look at what has occurred in the previous year in terms of any excess premiums that came in because, for instance, calculations were not completely accurate for unemployment rates or for benefits that were paid out.
They would also look forward, and this information would come from a number of sources. It would come from the Department of Finance. It would come from the Department of Human Resources and Social Development, and, as it says in the act, from any other source that the board deems to be important.
They would gather all of this information, so it is important that they have expertise when it comes to things like forecasting. It's important that they have an understanding of economics, unemployment rates, the impact on benefits, these kinds of things. Then they would make a judgment, based on all of this information, regarding what the premiums would be so that they could maintain the reserve at $2 billion but also, of course, bring into balance premiums and benefits.