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11 Cards in this Set
- Front
- Back
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7 Government- mandated Benefits |
1. Employee Insurance |
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Employee Insurance |
a federal program that provides income benefits if a person is unable to work through no fault of his or her own. |
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Pay on termination of employment |
does not apply to those on short-term contract or fired for "just cause" |
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Leave of absence |
unpaid time off, conditions vary by jurisdiction |
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CPP/QPP |
programs that provide basic level of security on retirement |
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Worker's Compensation |
no fault insurance plan, income/medical benefits to victims of work related accidents or illness, regardless of fault |
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Defines benefit Pension Plan
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benefits formula based on earnings and years of service
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Defines Contribution pension Plan |
benefits based on amount of contribution and value of Fund |
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Personal services |
credit unions, counselling services, employee assistance programs and other personal services (social and recreational) |
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Job-Related Services
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Subsidised child-care, elder-care, subsidized employee transportation, food services and educational subsidies
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Executive Perquisites (perks) |
management loans, salary guarantees, financial counselling, re-location benefits, out-placement assistance and company cars
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