How will sick pay coverage be provided under the new IIP?
If you choose to transfer to the new IIP, you will have income protection for a maximum of 130 days or 1040 hours (six months). The amount of coverage will be 100% or 75% of wages based on your years of service. For example, at eight years of service, your first twenty weeks, (800 hours) of IIP will be at 100% pay and the remaining six weeks, (240 hours), will be paid at 75%. However, if you have capped sick pay credits when you choose the IIP, your capped sick pay credits will be used to top-up your IIP payment to 100% of your pay for the balance of the six weeks, to the extent you have capped sick credits in your bank (please see the IIP coverage chart).
Related Questions
- In light of the change in the tax treatment, can we allow employees to pay for the coverage provided to children under age 26 whose coverage is no longer includible in income on a pre-tax basis?
- Why should I pay for private rehab services when the government offers programs that are provided as part of our health care coverage?
- How much Wi-Fi coverage has been provided in the city centres?
