EI Premium Reduction Program
For more details
EI Premium Reduction Program
for Employers with Short-term Disability Plans
EI Premium Reduction
Employers are eligible to pay EI premiums at a reduced rate if their employees are covered by a short-term disability plan that meets certain criteria set by Service Canada. Because this reduces the demands made on the EI system, the government initiated this program to return the savings to both employers and employees.
Basic Eligibility Requirements
To be eligible for an EI premium reduction the employer must have a short-term disability plan which contains the following features:
- Provides at least 15 weeks of benefits for short-term disability;
- Matches or exceeds the level of benefits provided by EI;
- Pays benefits to employees within 14 days of illness or injury;
- Is accessible to employees within 3 months of employment;
- Covers employees on a 24-hour basis.
For more information please contact a Business Counsellor at cfib@cfib.ca or by telephone at 1 888-234-2232.
