BU354 Lecture Notes - Lecture 13: Critical Illness Insurance, Life Insurance, Pension
Document Summary
Employment insurance (ei) a federal program intended to provide temporary financial assistance to eligible persons who experience interruption to their work through no fault of their own. Pay on termination of employment: reasonable advance notice periods. Advance notice (aka reasonable notice) advance written notice required if the employer is going to terminate employment of a worker without cause. Pay in lieu of reasonable notice a lu(cid:373)p su(cid:373) e(cid:395)ual to a(cid:374) e(cid:373)ployee"s pay fo(cid:396) the notice period provided to employees who cease working immediately. Leave of absence maternity leave is 17 or 18 weeks, Benefits are payable only to those individuals who make contributions to the plans or to their family members. Wo(cid:396)ke(cid:396)s" (cid:272)o(cid:373)pe(cid:374)satio(cid:374) provides income and medical benefits to victims of work related accidents or illnesses or their dependants, regardless of fault. Group life insurance life insurance provided at lower rates for all employees, including new employees, regardless of health or physical condition.
