Artsman's Supplemental Unemployment Benefit Program is in place to comply with Service Canada's SUB program.
Employers can use a Supplemental Unemployment Benefit (SUB) plan to increase their employees’ weekly earnings when they are unemployed due to a temporary stoppage of work, training, illness, injury or quarantine.
Payments from SUB plans that are registered with Service Canada are not considered as earnings and are not deducted from EI benefits (pursuant to subsection 37(1) of the EI Regulations).
1. The plan covers the following group(s) of employees:
All full time employees with 1 year of service.
2. The plan will supplement EI benefits for periods of unemployment caused by illness.
3. Verification that the employees have applied for and are in receipt of EI benefits will be made before SUB payments are paid.
4. The SUB is payable at 95% of the employee's normal weekly earnings while the employee is serving the one-week EI waiting period.
5. Option B (automatic adjustment): The plan provides that the gross amount of EI benefit from this employment plus the SUB payment will equal 95% of the employee's normal weekly earnings.
6. The plan provides SUB payments for at least 4 weeks
With management approval, payments can be made longer than 4 weeks, depending on the situation.
7. The start date of the plan is:
May 10, 2021.
8. Service Canada - SUB Program will be informed in writing of any change to the plan within 30 days of the effective date of the change.
9. The plan is financed by the employer's general revenues.
10. SUB payments will not reduce any guaranteed annual remuneration, deferred remuneration, or severance pay.
11. This plan provides for an offset of EI benefits that may have to be repaid as part of the employee's income tax return. The weekly gross EI benefit from this employment, the SUB payments previously paid plus this offset amount will not exceed 95% of the employee's normal weekly earnings.
12. Should the SUB plan terminate, all remaining assets will revert to the employer, be used for SUB payments and/or be used for the administrative costs of the plan.
13. Employees do not have a right to SUB payments except during the period of unemployment specified in the plan.