STATEMENT OF POLICY AND PROCEDURE

Section: NLLS Employee(s) | Chapter: Conditions of Employment | Page(s): 1 Subject: BENEFITS | Sec 1, 1K Appendix E

Reviewed 2023-01-13 | Revised: 2019/09/21 | Effective: 2023/02/24

BENEFITS

1. Extended Health Benefit Plan
   1. Full-time employees who have passed their probationary period may participate in the current company extended health benefit plan. Premiums are paid by the employer.
   2. Employees must participate in our short- and long-term disability plans. The premiums for these plans are the responsibility of the employee.
   3. Employee(s) are responsible to ensure their contact information with our extended benefits provider is up to date.
   4. Employees who opt out of extended health benefits must do so in writing.
2. Self-Directed Retirement Savings Plan - (Employee chooses the financial institution)
   1. The Northern Lights Library System recognizes that a pension plan represents a required employee benefit, which provides for retirement income. A Registered Retirement Savings Program is available after three (3) months of employment or the granting of permanent status, whichever occurs first, with benefits available back to the date of regular employment start with NLLS. The NLLS shall contribute up to a maximum of five per cent (5%) of each employee’s gross regular salary/wage on a matching basis. Contributions by both employee and employer shall be deposited by NLLS with their payroll into a registered retirement plan account through a registered Canadian financial institution.
   2. If an employee does not comply with policy the employee will be removed from the program immediately.
   3. Changes to the contribution level or participation in the program must be submitted in writing to the Finance Officer.
   4. It is the employee’s responsibility to supply the NLLS Finance Officer with their bank account information or any changes to the bank account for the RRSP payment to be deposited into each month.
   5. Employees are to submit a copy of their T4RSP slip from their bank provider to NLLS for confirmation that the employee’s matching contribution has been deposited into an RRSP account.
3. Appendix E – RRSP Letter of Understanding