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Is an employee entitled to a profit-sharing plan?

Expert: Bob Levasseur

Kate asked:

If my company started a profit-sharing plan for full-time employees while I was on maternity leave, am I entitled to the payout missed?

Bob Levasseur answered:

Profit share plans usually require participants to be actively at work when the plan begins. When the plan has been operating already eligible employees on maternity leave or on extended sick-leave do not receive a payment for the period of time they were not actively at work. Typically, employers will provide a pro-rated payment, but that's not the case here, given your reader was on leave when the plan started.




About the author


Bob Levasseur
Senior Consultant and Principal
McDowall Associates
141 Adelaide St. W., Suite 905


Tel: (416)-644-6584 ext 201
Cell: (416)-357-0536
Fax: (416)-361-0931

 
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