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THE IMPACT OF BENEFITS ON NET PAYSCENARIO
Your organization, located in Ontario, will be enhancing the group benefits plan offered to employees in two months by adding accidental death and dismemberment (AD&D) coverage and dental coverage. The organization will pay 50% of the cost of the AD&D premiums and 50% of the cost of the dental premiums, with the employees paying the other 50% of each premium. The Manager of Finance, Brian Stewart, has requested that you, as the Payroll Supervisor, prepare a communication for the employees, explaining how these new benefits will impact their net pay.
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