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How do we get our E.I. Payments Back?
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user Posts: 130
Posted On: 5/15/2014
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We paid into our e.i. For forty years of employment, so we want to get back all that insurance money, we are retired, that money was our insurance policy so it is ours we want it back.
If we do not get it back who uses our insurance months?
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Klaus Posts: 75
Posted On: 5/15/2014
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Hi,
EI or "Employment Insurance" is a social program that contributes to the security of all Canadians by providing assistance to workers who lose their jobs and helping unemployed people across the country to get back to work.
Much like every insurance, you are covered if you have a claim, but if you don't, the money will benefit other people in need. Under no circumstances will you ever get the money back just because you didn't have a claim. That's just not how insurance works.
There is an excellent article about EI here: What is Employment Insurance (EI)?
Consider yourself lucky if you never had to go through times of unemployment.
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