MEDIA BRIEFING - CEIFB to Release the 2011 Employment Insurance Premium Rate
Setting Report

OTTAWA, Nov. 11 /CNW/ - David Brown, CEIFB Board Chair, and Phil Charko, CEIFB Executive Director, will co-host a national, bilingual conference call to answer media questions on the release of the 2011 Employment Insurance Premium Rate Setting Report.  Along with the 2011 EI rates, the report includes the current and forecasted deficit projections. A news release will be made available prior to the conference call. Mr. Brown and Mr. Charko will provide a brief overview and will then invite questions from members of the media.

Date:	Friday, November 12, 2010
Time:	10 a.m. ET
Call-in:	Access number -1-877-974-0447
	Participant code - 4385745

About the Canada Employment Insurance Financing Board

The Canada Employment Insurance Financing Board is a Crown corporation established in 2008 by the CEIFB Act. It reports to Parliament through the Minister of Human Resources and Skills Development.

The CEIFB is managed by a representative board of seven independent directors, including a chairperson, with the necessary skills and expertise to effectively carry out the organization's mandate. The Board of Directors is appointed by the Governor in Council, on the recommendation of the Minister of Human Resources and Skills Development from a list of nominees established by an independent nominating committee.

The CEIFB is responsible for:

• Setting the EI premium rate for the upcoming year in a transparent fashion
• Managing any surplus EI premium funds for the benefit of the EI program
• Reporting publicly on the financing status of the EI program, and;
• Maintaining a $2 billion reserve to help ensure stability of the premium rate.

For more information on the CEIFB please visit www.ceifb-ofaec.ca.

For further information:

Phil Charko, Executive Director
[email protected]
[phone]