GATINEAU, QUEBEC, NOVEMBER 12, 2010-The Canada Employment Insurance Commission today announced that the Maximum Insurable Earnings (MIE) for 2011 will increase to $44,200 from $43,200.
The MIE is indexed on an annual basis and represents the ceiling up to which Employment Insurance (EI) premiums are collected. It is therefore also the maximum amount considered in applications for EI benefits.
The EI Commission is responsible for determining the annual MIE in accordance with the Employment Insurance Act and Regulations. The calculations for determining the 2011 MIE have been performed by the Chief Actuary at the request of the EI Commission. A report detailing these calculations is available here and was prepared in conjunction with the 2011 Report of the Chief Actuary.
To learn more about the EI Commission, visit Human Resources and Skills Development Canada's website at www.hrsdc.gc.ca.
The Report of the Chief Actuary is available on the Canada Employment Insurance Financing Board website at www.ceifb-ofaec.ca.
This news release is available in alternative formats upon request.
- 30 -
For further information (media only):
Media Relations Office
Human Resources and Skills Development Canada
819-994-5559
