The federal government announced its annual revisions to Employment Insurance (EI) maximums and premium rates; these changes are effective January 1, 2019.
The 2019 Employment Insurance changes will affect the following Short Term Disability (STD) volumes and premiums:
This change affects an STD plan if:
- The benefit is a flat amount equal to the EI maximum
- The STD maximum is equal to the EI maximum
- STD benefits are calculated using EI maximum insurable earnings