17161
17358

Business

EI changes quietly rolled back

by The Canadian Press - Story: 81477
Oct 6, 2012 / 7:49 am

The Harper government has quietly relented in the face of bruising criticism that changes it recently made to Employment Insurance were punishing those who could least afford it.

Just before MP's headed off for the Thanksgiving long weekend, Human Resources Minister Diane Finley issued a release detailing adjustments to the Employment Insurance Working While on Claim pilot project.

Finley said the government was acting on concerns that have been raised about the pilot project.

The concern has been that part-time workers at the bottom of the pay scale who also collect E-I make less money under the pilot project because more of their E-I benefits are clawed back.

Finley announced Friday that EI recipients who were working between August 7, of last year and August 4, of this year can revert to the terms of the previous pilot project.

The change is effective January 6, 2013, but will be retroactive to August 5, 2012. And beginning January 6, 2013, eligible claimants must make the request to revert to the old pilot terms within 30 days of their last EI benefit payment.

Under the old system EI claimants who worked part-time could earn up to 40 per cent of their weekly EI benefits or $75, whichever was larger, without affecting their benefits. If their weekly earnings surpassed the 40 per cent cap the government clawed back each dollar of the extra earnings from the claimant's EI benefits.

Under the new rules the clawback is only 50 cents on the dollar, but there is no cap. The clawback begins at the first dollar earned, meaning claimants at the lowest end of the wage scale can end up with less money.

The Canadian Press
How does this story make you feel? (159 total votes)
Castanet MoodMeter
Indifferent
6.3%
Frustrated
44%
Happy
25.8%
Disappointed
12.6%
Informed
11.3%
Convinced
0%


Read more Business News

17631


Today's Market

S&P TSX 12745.29 +132.24
S&P CDNX 933.51 -1.17
DJIA 15341.81 +6.53
Nasdaq 3498.965 +33.722
S&P 500 1665.80 -0.49
Gold 1368.50 -15.80
Lumber 316.00 -4.50
Oil 96.23 -0.48
Natural Gas 4.177 +0.087
CDN Dollar 0.9709 N/A

_


Okanagan Companies

Sun Rype 6.15 +0.15
Pacific Safety 0.05 +0.005
Knighthawk 0.02 0.00
QHR Technologies Inc 0.62 +0.07
Cantex 0.015 0.00
Anavex Life Sciences 0.53 0.00
Metalex Ventures 0.085 +0.01
Russel Metals 27.57 +0.92
Copper Mountain Mining 1.57 +0.05
Colorado Resources 1.60 +0.12
ReliaBrand Inc 0.13 0.00

_







16762

FEATURED Property
1481249#406 2040 Springfield Road
2 bedrooms 2 baths
$324,900
more details
image2image2image2
view all featured properties
Click here to feature your property
Please wait... loading


Tips for a stress-free summer move

The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...


Income properties for sustained recovery

It appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...


Get in the Loop

Getintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...

_


Previous Stories


16054

FIND MORE
Position yourself in the Okanagan's most visually comprehensive business directory.

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here



17774

RSS this page.
(Click for RSS instructions.)

Member of BC Press Council