The Short-term Disability Plan is offered to continue at least a portion of compensation during periods in which the employee is unable to work due to a medical disability. This benefit is currently provided at no charge to the employee. This plan provides salary continuation benefits for employees who have been disabled longer than six months. Employees may receive up to 60 percent of their salary during the disability period until age 65. This benefit is currently provided at no charge to the employee.
Eligibility begins after one year of service.
This is a retirement savings plan that allows participants to save a portion of their earnings on a tax-deferred basis. Ontario Systems will also make a matching contribution of up to two percent of the employee's earnings per year. Full vesting occurs at five years of employment. Each employee has the opportunity to participate in the profitability of the company through this program. Annual contributions are made to participants accounts based upon the combined profitability of all Ontario Corporation operations.