By Robert J. McKay, Hewitt Associates

ISBN-10: 0470154004

ISBN-13: 9780470154007

ISBN-10: 0470838256

ISBN-13: 9780470838259

This booklet serves as a complete reference on versatile advantages, one of many quickest transforming into layout ways for providing worker advantages and reimbursement. Designed for either the amateur and the professional, it solutions the most commonly asked questions on versatile merits. It covers various choices for the layout of versatile merits courses, during which parts selection making is in general brought and the way to degree the fee impression of a software. New fabric on pricing and credits constitution, the felony framework of versatile gain software operations, monetary research and new case experiences organize readers for the way forward for versatile merits.

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The aging of the population also brings with it a higher level of health care expenditures. The aging population will put pressure on government, employers, and employees, through increased costs for post-retirement health care plans and higher Medicare costs. Coupled with the changing demographics is a rising life expectancy for Canadians when compared to other countries. 5 years for American males. 4, has one of the lowest levels of spending on health care worldwide. Based on this data, the level of health care spending is not directly correlated with the general level of health of the respective populations.

Employees needing less coverage could direct excess flexible credits to the Cominco savings plan or could take them in taxable cash. There were two major reasons why Cominco pioneered flexible benefits in Canada. First, Cominco wanted an attractive, innovative benefit package to appeal to the varying needs of its diverse employee group — employees ranging from corporate staff in Vancouver to salaried employees at Cominco’s remote mines in Western Canada, including its Polaris mine located in the Northwest Territories, less than 100 kilometres from the magnetic North Pole.

Byron Timothy W. Clarke Cathy M. Course Roy A. Dawson Timothy J. Hadlow Todd J. Mathers Marcia A. McDougall Robert J. McKay Kimberly McMullen Ellen Mole Lucie Paquet Stephen D. Pibworth Jean-Fran¸cois Potvin Jeff Queen Mark S. Rowbotham John C. Tompkins Christopher J. Westcott Philip Yores Managing Principal and Benefits Consultant Benefits Actuary Benefits Actuary Benefits Actuary Benefits Consultant Benefits Consultant Listening Consultant Public Relations Benefits Consultant Communication Consultant Legal Consultant Benefits Consultant Legal Consultant Administration Consultant Benefits Consultant General Counsel and Legal Consultant Benefits Consultant Benefits Consultant Executive Compensation Consultant International Contributors Thais H.

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Canadian handbook of flexible benefits by Robert J. McKay, Hewitt Associates

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