RETIREMENT AND SAVINGS PROGRAM
SNCL RETIREMENT PLAN SNCL GROUP RRSP SNCL TFSA
TYPE OF PLAN Defined Contribution Pension Plan (DC) Registered Retirement Savings Plan (RRSP) Tax-Free Savings Account (TFSA)
PARTICIPATION Voluntary
ELIGIBILITY Regular: Upon enrolment Upon enrolment
Others: on January 1 after having completed
2 months of service in the previous calendar year
EMPLOYEE CONTRIBUTIONS 1% to 5% of base salary > Payroll deduction based on percentage of salary, or flat dollar amount
> Lump-sum contributions allowed at any time during the year
SNC-LAVALIN 100% of employee contributions None
CONTRIBUTIONS
OTHER CONTRIBUTIONS Not applicable Employee contributions can be deposited into a
spousal account Transfers from other plans are allowed
Transfers from other plans are allowed
MAXIMUM CONTRIBUTIONS Contributions are subject to the Canada Revenue Agency (CRA) limit established each year
Who monitors contribution
limits SNC-Lavalin Employee
INVESTMENTS Employee chooses how all contributions are invested from a complete range of options
CHANGE IN CONTRIBUTION Permitted at any time
LEVEL
AT TERMINATION OF Employee is entitled to the account balance
EMPLOYMENT
LOCKING-IN Yes No No
EMPLOYEE SHARE OWNERSHIP PLAN (ESOP)
(regular and regular seasonal employees)
PARTICIPATION Voluntary
ELIGIBILITY Upon enrolment
EMPLOYEE CONTRIBUTIONS 1% to 10% of base salary, used to purchase SNC-Lavalin shares
SNC-LAVALIN CONTRIBUTIONS > 35% of employee contributions, paid over a two-year period if shares are held
> Employer’s contributions are used to purchase shares of SNC-Lavalin
INVESTMENTS > Choice between Group RRSP and/or non-registered plan (NRP)
> Employee RRSP contributions are subject to the RRSP contribution limit indicated on the CRA Notice of Assessment from the preceding year
> All SNC-Lavalin contributions are deposited into NRP for share purchase
> Dividends paid are reinvested in SNC-Lavalin shares
AT TERMINATION OF EMPLOYMENT Employee is entitled to all shares purchased. If the employee is at least age 55, the employee’s shares can remain in the ESOP for up to two years
so that matching company contributions can be received during that period
Your Employee EMPLOYEE ASSISTANCE PROGRAM (EAP TELEMEDECINE
Benefits Program
ELIGIBILITY Employee and eligible dependents ELIGIBILITY Employee and eligible dependents
SERVICES OFFERED Assistance for a wide range of services: SERVICES OFFERED Platform that allows immediate and virtual access
> personal and work-related concerns to mental and physical health care quality
(Lumino-Health & Dialogue)
> marital and family issues
consultations. Professionals can diagnose any
> alcohol or drug abuse
short-term condition that does not require
> financial and legal difficulties
physical examination.
CONFIDENTIALITY All services are strictly confidential between
Non-unionized Employees recipient and service provider
Regular, Regular Seasonal and Contractual
(and their eligible dependents)
JANUARY 2021
HEALTH CARE PERSONAL DAYS AND DISABILITY LEAVE
ENHANCED REGULAR AND REGULAR SEASONAL EMPLOYEES CONTRACTUAL EMPLOYEES
BASIC COMPREHENSIVE (two-year TOP-UP OPT OUT
OCCASIONAL PERSONAL Regular : 5 days per year 2 days after 3 months of continuous service,
lock-in
rule) DAYS Regular Seasonal: 3 days per year in QC only
DRUG DEDUCTIBLE $1,000/year None None None
OUT-OF-POCKET MAXIMUM None $3,000/year $1,000/year None
SHORT-TERM DISABILITY
COINSURANCE
WAITING PERIOD 5 consecutive business days of absence due to illness (none if absence is due to accident or
HOSPITAL No coverage 70% private 90% private 20% semi-private
COVERAGE (TAXABLE 100% of base salary for four weeks
hospitalization) 75% of base salary for 17 weeks
ROOM DRUGS 100% 70% 90% 20% BENEFIT) 75% of base salary for the remainder of the 17 (including waiting period)
weeks (including waiting period)
OTHER* No coverage 70% 90% 20%
DRUGS The drug plan covers prescription drugs up to the The drug plan covers prescription
(GENERIC SUBSTITUTION) cost of the lowest-cost equivalent drug drugs up to the cost of the lowest- LONG-TERM DISABILITY
cost equivalent drug
BASIC COMPREHENSIVE ENHANCED
DISPENSING FEE CAP None $10 per script None
$8 per script WAITING PERIOD After 17 weeks of absence due to illness
(maximum may (maximum may COVERAGE 55% of first $4,000 of monthly 60% of first $4,000 of 65% of first $4,000 of
differ from one differ from one base salary; plus 35% of monthly base salary; plus monthly base salary; plus
(NON-TAXABLE BENEFIT)
province to province to remaining balance 40% of remaining balance 40% of remaining balance
another) another)
MONTHLY MAXIMUM $20,000
PARAMEDICAL SERVICES No coverage ANNUAL COST OF LIVING None None Consumer Price Index,
ADJUSTMENT (COLA) maximum 2.5%
Audiologist, chiropodist, Combined Combined annually
chiropractor, dietician, No coverage Combined $200/year END OF COVERAGE Until recovery or age 65, whichever occurs first
kinotherapist, nutritionist, $800/year $1,000/year
occupational therapist, osteopath,
physiotherapist, podiatrist and Combined Combined Combined $300/year
Psychologist, psychotherapist and
speech therapist No coverage
$1,000/year $1,200/year LIFE INSURANCE
social worker
No coverage EMPLOYEE BASIC LIFE 1x annual base salary
Acupuncturist, athletic therapist, No coverage No coverage Combined
homeopath, kinesiologist, massage $400/year EMPLOYEE OPTIONAL LIFE Up to 6x annual salary
therapist, naturopath and
orthotherapist MAXIMUM $1,000,000 (basic and optional life insurance combined)
ELIGIBLE DEPENDENTS Spouse: units of $10,000 up to a maximum of
VISION CARE OPTIONAL LIFE $500,000 Each child: units of $5,000 up to a
LENSES AND LASER SURGERY No coverage maximum of $25,000
No coverage $200/24 months $400/24 months
EYE EXAMINATION No coverage $50/24 months $50/24 months No coverage
PRIVATE DUTY NURSING No coverage $10,000/year $10,000/year No coverage
ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D)
HEARING AIDS No coverage $500/4 years $500/4 years No coverage
VACCINES Includes vaccine not requiring a prescription Includes vaccine not requiring EMPLOYEE BASIC AD&D 1x annual base salary
a prescription
EMPLOYEE OPTIONAL AD&D Up to 6x annual base salary
INFERTILITY DRUGS No coverage 70%, $6,000 90%, $6,000 No coverage MAXIMUM $2,500,000 (basic and optional AD&D combined)
per lifetime per lifetime
EMERGENCY OUT OF PROVINCE BUT IN 100%, no maximum ELIGIBLE DEPENDENTS OPTIONAL AD&D Spouse: units of $10,000 up to a maximum of
100%, no maximum
CANADA $500,000 Each child: units of $5,000 up to a
Travel assistance: International SOS Travel assistance: International SOS maximum of $25,000
EMERGENCY OUT OF COUNTRY 100%, maximum $1,000,000 per 100%, maximum $1,000,000 per event
event Travel assistance: International SOS CRITICAL ILLNESS
Travel assistance: International SOS
*Paramedical services, vision care, private duty nursing, hearing aids, vaccines and other medical services and equipment EMPLOYEE and SPOUSE OPTIONAL CRITICAL Units of $10,000 up to a maximum of $200,000
ILLNESS INSURANCE
(pre-existing conditions apply)
MINIMUM $20,000
DENTAL CARE
ENHANCED
BASIC COMPREHENSIVE (two-year TOP-UP OPT OUT DEFAULT COVERAGE – Applicable to new employees who do not enroll during the scheduled enrolment period.
lock-in rule)
ANNUAL DEDUCTIBLE None None None None
HEALTH CARE DENTAL CARE LONG-TERM DISABILITY
COINSURANCE Single Coverage Single Coverage
PREVENTATIVE AND BASIC SERVICES 20% REGULAR AND REGULAR SEASONAL EMPLOYEES Comprehensive Basic Comprehensive
70% 80% 90%
(e.g., fillings and extractions) CONTRACTUAL EMPLOYEES Basic Opt-out Comprehensive
MAJOR No coverage 50% 60% 50% No coverage
(e.g., crowns, bridges, dentures)
ORTHODONTIC No coverage 50%, up to 60%, up to No coverage
(for eligible children under age 21 only) lifetime lifetime All health and dental care maximum amounts and deductibles are per person.
maximum of maximum of This document is a summary of various programs and benefits offered by SNC-Lavalin. Should there be a discrepancy between this document and the contracts establishing the
programs and benefits, the latter shall prevail.
$1,500 $3,000
Annual maximum for all services other $1,000 $1,500 $2,500 $1,000
than orthodontics
