CAS Exam 6C Fall 2013, Question 16
Study guide: Exam 6C
In cases of disability, an employee benefit plan is deemed to be the "first payer" and Employment Insurance (EI) is deemed to be the "second payer." In recognition, employer EI premiums are reduced if a short-term disability plan is approved by and registered with Human Resources and Social Development Canada.
Part a (1 point)
Briefly describe four minimum requirements for an employee benefits plan to qualify for EI premium reduction.
Part b (0.75 points)
Identify three examples of acceptable arrangements to return, directly or indirectly, a portion of the premium reduction to the employees.
Part c (0.75 points)
Briefly describe three circumstances under which a potential claimant will not qualify for regular EI benefits.
Answer this question and see the worked solution