Asked by Rin Siege Mhill on Jun 16, 2024
Verified
Which of the following is NOT a mandatory benefit?
A) Canada Pension Plan
B) defined benefit pension plans
C) workers' compensation
D) employment insurance
Mandatory Benefit
An employee benefit, such as social security or workers' compensation, that is required by law.
Canada Pension Plan
A government-run retirement pension plan in Canada that provides contributors and their families with partial replacement of earnings in the case of retirement, disability, or death.
Employment Insurance
A government program that provides temporary financial assistance to unemployed workers who meet certain eligibility criteria.
- Distinguish between mandatory and nonmandatory benefits in Canadian employment.
Verified Answer
Learning Objectives
- Distinguish between mandatory and nonmandatory benefits in Canadian employment.
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