A-29.011, r. 2 - Regulation under the Act respecting parental insurance

Schedule Disposition versions

2021-09-26

SCHEDULE A

(s. 44)

METHOD FOR CALCULATING THE INCREASED WEEKLY BENEFITS

The increased weekly benefits allows the increase of the income replacement rate of the eligible recipient and varies based on the average weekly earnings of each recipient. It ensures a decreasing increase of the income replacement rate so that the increase becomes nil when the average weekly earnings reach the level of eligibility under the measure. The increased weekly benefits is calculated using the following method:

If the average weekly earnings are lower than the threshold determined in the first paragraph of section 44,

(a) the increased weekly benefits is equal to the lesser of the following amounts:

(85% × AWE) and (Rate × Threshold);

(b) in the case of an election in accordance with section 18 of the Act, the increased weekly benefits is equal to the lesser of the following amounts:

(100% × AWE) and (Rate × Threshold).

In the method provided for above,

(a) “AWE” is the average weekly earnings established in accordance with section 21 of the Act;

(b) “Threshold” is the hourly rate of the minimum wage multiplied by the number of hours for a regular workweek, as determined in the first paragraph of section 44;

(c) “Rate” is the income replacement rate applicable under section 18 of the Act.

If the average weekly earnings are equal to or higher than the threshold determined in the first paragraph of section 44, no increase is granted.

O.C. 1250-2021, s. 3.