COMM 203 Lecture Notes - Lecture 6: Unemployment Benefits, Life Insurance, Elderly Care
Document Summary
Employee benefits: benefits: indirect financial payments given to employees, common benefits include, extended health plans, life insurance, vacation time, pensions. Legally required benefits: employment insurance (ei, education and training plans, discount on company products/services, employer & employee contribute, provides weekly benefits to those unable to work through no fault of their own, excludes self employed, 55% of average earnings during the last 20 weeks of the qualifying period, canada pension plan (cpp, employer and employee contribute, majority of employed canadians between 18 and 65 covered, including self employed, three types of benefits: retirement pension, disability benefits, survivor benefits, workers compensation plan, only employer contributes, provides income and medical benefits to victims of work related accidents or their dependents, accident occurred while employee was at work, no fault insurance plan, provincial health care plans (msp in bc, pay for time not worked (vacations, holidays, leave of absence)
