Section 87
Recommendations to review System
of Employment Insurance System Act 2017
The Board may, when substantial changes in the general level of earnings resulting from substantial changes in the cost of living, examine the situation on the basis of an actuarial valuation made and make recommendations to the Minister to review the System under this
Act.
(2)
The recommendations of the Board referred to in subsection (1)—
(a)
shall be accompanied by the actuarial report;
(b)
shall take into account the social policy of the
Government; and
(c)
may include—
(i)
a proposal for a new rate of contributions;
(ii)
a proposal for changes in the rates of the job search allowance, early re-employment allowance, reduced income allowance and training allowance and the amount of training fee; and
(iii)
a proposal for new types of benefits.