If an employee is disabled for greater than six months, the long term disability plan continues to a portion of their income. Employees are eligible to join the plan on the first day of the month after completing six months of employment. Employees may invest the employee portion of their RSP account into one or more of eight investment funds. The Pension Plan is a defined benefit plan that provides a specific benefit at retirement, based on a predetermined formula. Company contributions are placed in a trust fund administered by the trustee who holds and invests all contributions.
Employees become participants in the plan after one year of employment.
Together with the RSP and Social Security, the pension plan reflects the company s commitment to providing for your retirement security. New employees may take their floating holidays after three months of active employment. It also has TV s, fans, mirrors, and locker rooms.