The GIB has approved changes to the ICI Program that will consolidate the separate standard and supplemental coverage levels into a single coverage level in February 2024.
Based on the improved financial position and strong investment results, the ICI premium rates for 2022 will decrease by 50%. See the premium rate charts in the ICI employer section of the ETF website.
Effective February 1, 2024, the ICI Program will consolidate its standard and supplemental coverage levels into a single level of coverage for earnings up to $120,000.
The changes consolidate the separate standard and supplemental coverage levels into a single coverage level. The goal is a simplified program that is easier to understand and administer.