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WellandCytec Canada IncRetirementPension / Savings planRPP DC Plan - 2% mandatory contribution by employee with a 2% company match - 2019 Actual CostsDay 1 of hire
WellandCytec Canada IncRetirementPension / Savings planRRSP, TFSA and Unregistered Pension Plan - 6% company match in total across all 3 plans - 2019 Actual CostsAfter 1 year of service - employee may contribute from Day 1 of hire
WellandCytec Canada IncRetirementRetirement bonus $4000.00 retirement bonus provided upon retirement - Forecast for 2020Must have 15 years of service
WellandCytec Canada IncRetirementPost-retirement benefitsRetiree Health, Dental and Medical benefits - estimated cost for 2020 based on actual billingOnly to those who were hired prior to 2010 regardless of years of service. Hired after 2010 must have 20 years of service
WellandCytec Canada IncTraditional benefitsMedical (including dental/optical/ hospitalization/critical illnesses/ etc)Hospital-Semi-private room
Outpatient services-nursing home care- $10K each calendar year
Dental-basic 100%, major is 50%
Vision-$350/ 24mths- glasses/contacts/ $60 exam/24 mths
Drugs-dispensing fee is capped at $8.00
Employee paid portion of benefit cost - Life, Healthcare (includes Drugs and Vision) coverage = employee cost 5% of premium, plus 8% tax.
Dental coverage = employee cost 25% of premium, plus 8% tax
Day 1 of hire
WellandCytec Canada IncTraditional benefitsMedical (including dental/optical/ hospitalization/critical illnesses/ etc)Extended health care - chiropractor, massage therapy, physiotherapy, etc. Yearly max between $500 and $1500. Annual Cost included in row 8.Day 1 of hire
WellandCytec Canada IncTraditional benefitsTravel assistance program (road assistance etc.)Out of country emergency medical coverage. Annual Cost included in row 8.Day 1 of hire
WellandCytec Canada IncTraditional benefitsDeath2.5x annual earnings-Overall maximum: 600,000-No Evidence Maximum: 370,000-Retirees with more than 20 years of service:Flat 10,000 - Retirees with 10 years or more of services but less than 20 years of service:Flat 8,000 - Retirees with less than 10 years of service: Flat 6,500. Day 1 of hire
WellandCytec Canada IncTraditional benefitsDisabilityIncome Protection Short term disability salary continuance plan during periods of medical disability - Years of service determine how many weeks are paid at 100% 2019.Day 1 of hire
WellandCytec Canada IncTraditional benefitsDisabilityIncome Protection Long Term Disability benefits - Great West Life: 52% of mthly earnings to a max of $8000 or 85% of pre-disability take-home pay, whichever is less. After 24 Months, LTD benefits will only continue if your disability prevents you from being gainfully employed in any job. Premiums paid by employees to facilitate favourable tax treatment if used.Day 1 of hire
WellandCytec Canada IncPerquisitesWellness/ Fitness allowance or other similar arrangementsSite Wellness program includes regular distribution of information on healthy lifestyle articles, recipes, mental health etc.Day 1 of hire
WellandCytec Canada IncTraditional benefitsExtralegal (additional) paid
vacation / time-off / parental leave
Paid vacation and personal days are granted according to years of service.Day 1 of hire
WellandCytec Canada IncTraditional benefitsEmployee Assistance Program (psychological /legal support/ tax support/ etc)Counselling and other assistance programs provided free of cost through WorkPlace Options to all employees. For more information, read here.Day 1 of hire
WellandCytec Canada IncMobility / commuter benefitsOther benefits / perquisitesCompany cell phone provided to those who require it as part of their job. All costs are covered by the company.Day 1 of hire
SalesSyensqo Canada Inc.Traditional benefitsDeath1.5 times annual earnings to a max of $1M. Amounts over $5,000 subject to evidence of insurability.Day 1 hire
SalesSyensqo Canada Inc.Traditional benefitsDisability60% of monthly earnings to a max of $9,000. Amounts over $6,000 require evidence of insurabilityDay 1 hire
SalesSyensqo Canada Inc.Traditional benefitsEmployee Assistance Program (psychological /legal support/ tax support/ etc)5 in person counselling sessions and other assistance programs provided free of cost through WorkPlace Options to all employees - There are currently 4 Syensqo Canada employees enrolled. For more information, read here.Day of hire
SalesSyensqo Canada Inc.RetirementPost-retirement benefitsSyensqo Canada Inc. currently has 4 active employees who may grow into this benefit. Retiree Health & Life insurance of $10kmust be 55 with 10 YOS
SalesSyensqo Canada Inc.RetirementPension / Savings planRRSP DC 7% total match for employeesDay 1 hire







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