We Recognize that One-Size does not Fit all
CMHC places great value on the well-being of employees and their families. We honour this commitment by providing employees and their families with a comprehensive benefit program that includes a competitive level of coverage under life insurance, income protection, and health and dental insurance plans.
We understand that employees have different needs and that these needs can change over time. Our plan gives employees the flexibility to choose benefits tailored to their specific needs and stage of life.
Our Group Insurance Benefits Plan includes the following:
Sandra
Senior Policy Analyst
Canadian Housing Observer
Ottawa
- Generous Group Insurance Flex Credits that employees can use to purchase coverage from a range of group insurance benefits
- Flexible Health Care and Dental Care benefits plans — competitive packages that employees can personalize by choosing the level of coverage that best suits their needs and those of their family
- Mandatory Income Protection benefits, including Short-Term Disability and Long-Term Disability Insurance
- Mandatory Basic Life Insurance; Optional Life Insurance, Optional Accidental Death and Dismemberment Insurance and Optional Critical Illness Insurance
- Health Care Spending Account, where any unused Group Insurance Flex Credits can be allocated to pay for eligible health and dental expenses that are not covered under CMHC’s Group Insurance Benefits Plan; unused Flex Credits can also be transferred to a Group Registered Retirement Savings Plan
Defined Contribution Pension Plan
Saving for retirement is important at any age — whether you are just beginning your career or are farther along. We are committed to providing employees with competitive pension benefits that offer flexibility and choice and that are sustainable.
New employees have the benefit of a competitive defined contribution pension plan with the following features:
- Employees build retirement savings based on set contributions they make and CMHC matches.
- Employees have flexibility in determining how much they contribute to their plan. Contribution rates can range from 3% to 6% of salary — the employee chooses based on personal needs.
- CMHC matches employee contributions with a competitive rate ranging from 100% to 180%, depending on age and credited service within the plan.
- Employees choose how their money is invested among a range of 10 investment funds; they manage their investments and adjust as needed, depending on risk profile, retirement goals and planned retirement date.
