Introduction
Is this guide for you?
This guide is for you if you are an employer who provides your employees with a short-term disability plan (also known as a wage-loss replacement plan). If your short-term disability plan meets certain requirements, you may be entitled to pay your Employment Insurance (EI) premiums at a rate that is lower than the standard employer rate (which is 1.4 times the employees’ EI premiums).
What’s new?
We made the following changes to the EI Premium Reduction Program to improve the way we deliver services and to reduce your paperwork.
- Eliminating renewal applications
As of January 2010, if you are granted an EI premium reduction, you will no longer need to complete renewal applications each year. This means that entitlement to the premium reduction will automatically continue until you change or cancel your approved short-term disability plan. - Notice of reduced EI premium rate for employers
As of December 2009, if you are granted an EI premium reduction, you will receive a new yearly notice that will indicate your reduced EI premium rate associated with your approved short-term disability plan. - Revised application form
We have streamlined Form NAS-5022, Application for Employment Insurance Premium Reduction, to make it easier to complete. From now on, you will use this form for two purposes: to apply for an EI premium reduction, or to apply for a continuation of an EI premium reduction after you make changes to your approved short-term disability plan. - Notification of changes made to approved plan
If you are a participating employer and you change your approved short-term disability plan, you must notify us no later than 30 days after you make the modifications. You must also apply for a continuation of the EI premium reduction by completing Form NAS-5022 and sending it, along with any documents concerning the changes.
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