MANA 443 Lecture Notes - Lecture 9: Pension, Employee Benefits, Co-Insurance
13 Dec 2018
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A mandatory, government-sponsored pension plan for all employed canadians. Funded equally by employers and employees (coinsurance; 4. 95% of pensionable earnings); qpp usually at a higher rate. Provides benefits upon retirement (60-70 yrs. ) disability (mental or physical) death (a lump sum death benefit will be paid to surviving spouse/partner and dependents under 18) The contribution rates for qpp are higher than those for cpp. A mandatory government-sponsored plan for all employed canadians that provides workers with temporary income replacement as a result of employment interruptions due to circumstances beyond their control (i. e. not quit or fired for just cause, but includes. Basic benefit is 55 percent of person"s average insurable earnings (you may receive ei for a maternity/paternity/adoption leave) Funded by employer and employee contributions period ranging from 14-45 weeks) The max ei weekly payment for jan 1, 2014 was max per week (you may receive ei regular benefits for a period ranging from 14 to 45 weeks.
