$45-billion EI surplus kills jobs and innovations: CME

Canadian Manufacturers and Exporters want Ottawa to refund overpayments to employers and employees and change structure of EI program
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|hrreporter.com|Last Updated: 07/30/2003

T

he Canadian Manufacturers and Exporters is calling on the federal government to refund Employment Insurance over-contributions by employers and employees.

Perrin Beatty, CME’s president, said massive surpluses in the federal government’s EI premium collection that now total $45 billion have contributed greatly over the past 10 years to eliminating the federal deficit. But he called it a costly way to balance the budget.