Toronto, May 5, 2022 /CNW/ – CIBC announced today that it has improved employee health benefits, including increased income replacement benefits during parental leave, healthy mental health, gender-affirming care, fertility treatment and the use of registered dietitians. These enhancements will enable CIBC employees to realize their personal ambitions at every stage of their life journey.
“The well-being of our teams has long been a cornerstone of CIBC’s culture and will remain essential as we look to the future,” said Jackie Goldman, Senior Vice President, Rewards, Recognition and Performance, CIBC. “We recognize that team members are diverse and have unique needs, and we listen to them as we develop and expand benefit coverage. Our goal is to provide benefits that are inspired by our purpose and truly focus on our team’s overall well-being so that they can achieve their ambitions. »
Highlights include:
- Provide more child care and start paid time off for eligible Canadian and U.S. employees July 1, 2022 Maternity, parental and adoption leave extended to 17 weeks Canadaand primary and secondary caregivers in the United States.
- Improve maternity benefits to support employees Canada Who needs help with pregnancy, including insurance for prescription drugs and other treatments, and reimbursement for certain surrogacy-related medical expenses.
- Added new coverage for eligible gender-affirmed fees to support transgender employees.This includes specific gender transition surgeries and procedures not covered by the provincial gender affirmation program until $10,000 One year to lifetime maximum $25,000.
- A nutritionist has been added to the roster of Allied Health Services to help employees optimize their health through professional nutrition counseling, as well as other qualified providers such as acupuncturists, chiropractors/podiatrists, chiropractors, Massage therapists, naturopaths and osteopaths.
These efforts build on existing health-focused benefits, including:
- Increase mental health service coverage to 100% for licensed psychologists, social workers (MSWs), psychotherapists, marriage and family therapists, and clinical counselors $5,000 Total per year, across all medical options. For many team members and their families, this more than doubled their coverage in this important area.
- A series of ongoing tips from CIBC’s Chief Medical Officer designed to provide a trusted source of health and medical information during the pandemic and discuss health-related topics important to team members.
- Access resources such as the Employee and Family Assistance Program (EFAP), online library of wellness videos, and online treatment options for mental health.
- Conduct annual employee surveys, as well as the Pulse survey, and use this feedback to inform CIBC Health Policy.
About CIBC
CIBC is North America’s leading financial institution with 11 million personal, commercial, public sector and institutional banking customers.In personal and small business banking, commercial banking, wealth management and capital markets, CIBC provides a full range of advice, solutions and services through its leading digital banking network and branches around the world Canadaexist U.S. and around the world.For the latest press releases and more information from CIBC, please visit https://www.cibc.com/en/about-cibc/media-centre.html.
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