Chain pay into employee benefits plan

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Reference no: EM133583611

Question

You are the benefits manager for a national furniture retail chain, The Home Centre, headquartered in Richmond, British Columbia. Most of the full-time employees who work for the chain pay into an employee benefits plan. This plan includes dental and vision care, prescription drug coverage, and other benefits. One of the most expensive benefits employees pay for is long-term disability (LTD) coverage. Recently, your insurance provider, Cansafe, has informed you that due to a reduced number of recent long-term disability claims, premiums for long-term disability insurance will be decreased on the order of 15 percent. For the average employee, this means a reduction of $20 per month.

Reference no: EM133583611

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