Silverberg Group - Bringing Your Employee Benefits into Focus

2015 Canada Pension Plan (CPP) Update | New Office

The following changes have been made:

The following items remain the same:

Canada Pension Plan (CPP) monthly payments are adjusted every January if there are increases in the cost of living as measured by the Consumer Price Index (CPI). The table below lists the maximum and average monthly payment amounts for CPP benefits, except for the death benefit, which is a one-time payment.

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EI maximum increases effective January 1, 2015

The federal government recently announced an increase in the employment insurance (EI) maximum insurable earnings amount and a corresponding increase in the EI weekly maximum benefit. Effective January 1, 2015, maximum insurable earnings will increase to $49,500 per year. Accordingly, the new maximum EI benefit amount will be $524 per week ($49,500 at 55%, over 52 weeks).

Short-term disability plans that have a maximum set at the EI maximum, rather than at a specific amount, will automatically increase effective Jan. 1.

If your plan has a specific dollar maximum that is less than $524 per week, and you participate in the EI premium reduction program, you will need to amend your plan to at least $524 per week in order to remain eligible for the program.

If your Short-term disability plan has a specific dollar maximum and you participate in the EI premium reduction program, you may wish to consider amending your plan to a maximum that is automatically adjusted to the EI maximum. This will avoid the need for future amendments whenever the EI maximum changes.

For more information regarding EI benefits, please visit the Service Canada website at www.servicecanada.gc.ca/cppchanges


New Lethbridge Office!!!

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Silverberg Group is proud to announce the grand opening of our Lethbridge office. We would like to introduce and welcome Allan Friesen and Vanessa Amos to the team. Allan has over 20 years of Group Benefits experience and is one of eleven Albertans, who are fellows of the International Society of Certified Employee Benefit Specialists.

This brand new office will be servicing Southern Alberta. To find out more please visit:

http://silverberggroup.com/grand-opening-lethbridge-office/