Finance committee  Yes.

Finance committee  The intention of this change is to ensure that the EI premium rate-setting mechanism is cost-effective. That is why the financing board has been suspended until the account is balanced and it can be in a position to fulfill its legislative mandate. That is the purpose of this cha

Finance committee  People for whom the program is designed and who are able to meet the eligibility criteria of the EI program have access to the program.

Finance committee  It was this September.

Finance committee  It was for an increase of five cents.

Finance committee  According to the numbers I have, the forecast expenditures for the board in 2011-12 were $1.8 million.

Finance committee  The previous year, for 2010-11, it was $1.4 million, but I don't have any information for years previous to that.

Finance committee  The decision will be made by the Governor in Council, namely, the cabinet. It will be done based on a recommendation from the Minister of Human Resources and Skills Development and the Minister of Finance.

Finance committee  The process is similar. An actuary hired by the board currently makes actuarial calculations and submits a report. In the interim period, an actuary will do the same kind of calculations, but the employer will submit the document to the Employment Insurance Commission, which will

Finance committee  As is the case currently, the documents will be considered as suggestions. So it will be up to the minister and the committee to make the decision, based on the information that has been presented to them.

Finance committee  Given that the account is in deficit, we expect the rate to increase by 5¢ until the account is balanced.

Finance committee  Yes.

Finance committee  The board was created in 2008 and began establishing rates in 2010. It did so for 2010, 2011 and 2012.

Finance committee  The abolition or, rather, the suspension of the board will be done by decree of the Governor in Council. The board is not expected to establish rates next September. The next rate, which will be established in September 2013 for 2014, will be done by the Governor in Council.

Finance committee  The government's intention is that, once the account is balanced again, the board, which will be revived, will establish the rate under the approach that was presented and adopted in the budget implementation bill in the spring.