Life Insurance - Sun Life provides each employee group life insurance coverage worth one and a half times his or her salary, at no cost to the employee. Optional group life coverage worth an extra one or two times your salary is available at competitive rates. Disability Coverage - Sun Life provides 15 days of paid sick leave each year, a short term salary continuance plan for absences longer than five consecutive days, and long term disability insurance for absences longer than six months. Plan - Employees may save for their retirement by contributing from 1 to 16 percent of their salary toward any of the nine investment options. Sun Life matches 50 cents for every dollar up to a certain percentage of your compensation.
Contributions are payroll deducted before taxes.
Investment elections, account balances and loan applications can all be handled over the phone by calling the plan's 24-hour automated voice response system. Employees who are 21 years of age or older and have completed at least 1,000 hours of consecutive service in a 12 month period commencing on the date of hire are eligible to participate. Pension Plan - Employees are automatically enrolled in Sun Life's pension plan when they are hired, and become fully vested in the plan after five years of service. Professional Development Tuition Reimbursement - After six months of service, employees may receive 75 percent reimbursement for the tuition cost of approved courses, up to a maximum of 27 credits a year. Additional industry exam courses are also subsidized.