A Consultant from our office recently attended a session in Kelowna to learn more about the recent amendments to Workers’ Compensation called Bill 14. The facilitator, Philip Levesque, an Adviser with the Employers’ Advisers Office from the Ministry of Jobs, Tourism and Skills Training and Ministry Responsible for Labour briefed a full audience of HR professionals […]
If your business has a Commercial General Liability insurance (CGL) policy, you may have coverage and protection if you make an error or omission while administering your employee benefits plan. Being a Plan Administrator for your Employee Benefits Plan is a big responsibility – it’s more than just simple administration. If it’s not done correctly, […]
Further to our earlier post about Pooled Registered Pension Plans (PRPPs), a new voluntary large-scale defined contribution pension plan, the federal government has proposed further regulatory details about some of the potential rules and regulations. For all the proposed details, please visit the government website. Here are some highlights that affect you, the employer (and the PRPP […]
Did you know? 60% of Canadians do not have a pension plan and that the current pool of CPP dollars is not enough to provide a pension for future retirees in Canada? The Changes The federal government recently introduced a framework for Pooled Registered Pension Plans (PRPPs). The purpose of a PRPP is to provide […]
Scholarship Presentation to Sarah (2nd from left) and Andrea (middle) 2012 was the inaugural year for ENCOMPASS Benefits & HR Solutions Scholarship program. We had many qualified candidates to choose from and wish the best to all who applied. We are pleased to announce the following students who were each awarded $500 ENCOMPASS scholarships. Candidates must be a graduating […]
On March 29, 2012 the Federal Government announced that employer-paid premiums for Accidental Death & Dismemberment (AD&D) and Critical Illness (CI) will become taxable benefits. Currently, the premiums paid by employers for AD&D and CI are non-taxable benefits to the employee. However, as of January 2013, premiums paid by the employer will be taxable to […]
We are often asked by clients: “What are my obligations to continuing benefits when an employee goes on disability?” This is a very good question! The following options explore some general best practices; however, every company is unique therefore, it’s best to speak with us to discuss specifics. Ideally, every organization should have a documented Continuation […]
With increasingly new specialty drugs (e.g. for Cancer, Crohn’s Disease, etc.) arriving on the market, rising cost of prescription drugs and the aging population, employers are concerned about sustaining their benefits plan in the event a staff member or their dependants require costly treatment. Approximately 1 in 3 claimants have drug expenses over $1,000 and 1 in […]
The ENCOMPASS Benefits team wants to help spread the word – it’s National Employee Benefits Day today! National Employee Benefits Day acknowledges trustees, administrators, corporate benefits practitioners and professional advisors for our dedication to providing quality benefits and the important role we play in your colleagues’ well-being. We especially want to celebrate all Plan Administrators! We also want […]
ENCOMPASS is all too familiar with companies facing increasing employee benefit premiums. That’s what we’re here for… to help clients better manage their plans and benefits-related expenses. As an independent benefits broker, we are fortunate to work with all Canadian insurance carriers. This means that we have visibility to what insurance companies are doing about increasing […]
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