MHR 523 Chapter Notes - Chapter 13: Defined Benefit Pension Plan, Job Performance, Co-Insurance

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4 Oct 2015
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The strategic role of employee benefits: employee benefits are indirect financial payments given to employees. They may include supplementary health and life insurance, vacation, pension plans, education plans, and discounts on company products. Is a federal program intended to provide temporary financial assistance to eligible persons who experience interruption to their work through no fault of their own. Individuals must demonstrate that they are actively seeking work to continue receiving the benefit. Pay on termination of employment: employees whose employment is being terminated by the employer be provided with termination pay when they leave. Pay for mass layoffs: additional pay be provided when a layoff of 50 or more employees occur. Leaves of absence: all provinces and territories and the federal jurisdiction require unpaid leaves of absence to be provided to employees in certain circumstances, maternity/parental leave, bereavement leave, compassionate care leave. Benefits are payable only to those individuals who make contributions to the plans or to their family members.

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