Saving for retirement and providing financial security for yourself and your loved ones has never been easier with these benefits and programs.
Life insurance
Life insurance protects the people most important to you by providing financial security in the event of your natural or accidental death. This benefit is 100% company paid, and you’re automatically enrolled.
Coverage is for 2 times your annual salary, up to $2 million. The maximum without providing evidence of insurability (EOI) is $500,000.
For more information, call Manulife at 800-268-6195 or contact People & Payroll SupportNow.
Long-term disability
Long-term disability is a benefit through Manulife, with contributions paid by team members. Contributions are based on your annual salary and are taken from your paycheque on a biweekly basis. To qualify, you must be under the ongoing care of a doctor.
| Benefit amount | 72% of the first $1,250 of salary 54% of the next $3,750 of salary 46% of salary above $3,750 |
| Maximum coverage without evidence of insurability (EOI) | $10,000 |
| Maximum coverage with EOI | $15,000 |
| Waiting period | 112 days |
| Duration | Up to age 65 |
| Regular occupation period | 2 years |
For more information, call Manulife at 800-268-6195 or contact People & Payroll SupportNow.
Employee stock purchase plan (ESPP)
The employee stock purchase plan (ESPP) allows you to set aside between 2% and 10% of your compensation through payroll deductions to purchase Gen stock every six months at a price that is at least 15% below the fair market value.
The discounted price is locked in for a 12-month period. Enrollment periods are held twice a year in February and August.
For eligibility requirements and other plan terms, refer to the Stock Administration page on Gen Central.