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The following is a general description of the benefit plans and programs available to eligible Citadel and Citadel Securities employees. This summary is qualified in its entirety by the provisions of the actual plan document. Employer-Paid Benefits
Medical Plan
Canada Life
Employees, dependents and domestic partners are eligible for medical, prescription drug, vision and hearing benefits through this supplemental plan beginning on date of hire.
Dental Plan
Canada Life
Employees, dependents and domestic partners have access to basic, preventative and major restorative services under this plan beginning on date of hire.
Registered Retirement Savings Plan
Sun Life
Employees are eligible to participate from their date of hire and may contribute up to 18% of their eligible compensation (base salary plus performance bonus), subject to maximum government limits. Match is paid on a dollar-for-dollar basis up to 4% of eligible compensation, capped at $11,200.
Paid Time Off
Employees who have more than two years of full-time work experience (either at Citadel /Citadel Securities or another organization) will receive four weeks (20 days) annual vacation.
Employees who have less than two years of full-time work experience will receive three weeks (15 days) of annual vacation. A fourth week (5 days) will begin to accrue on January 1 in the year following achievement of their two-year work experience milestone.
One floating holiday and two personal days will also be granted this year. Vacation, floating holidays and personal days are prorated based on an employee’s start date.
Citadel will recognize 10 public holidays this year.
Short-Term Disability
Administered in-house
Your salary will continue during an approved disability at either 100% or 60% depending on length of service for a maximum of 12 weeks.
Basic Group Life and Accidental Death and Dismemberment Insurance (AD&D)
Prudential
Citadel provides basic life and AD&D insurance 1.5x total annual earnings up to a maximum amount of $500,000 each for basic life and for AD&D. In addition, spouses or domestic partners are covered for $10,000 and each child for $5,000. This is a guaranteed issue. Business Travel Insurance
Citadel provides life insurance and AD&D coverage for all employees traveling on business. In addition, the Cigna Global Medical Benefits Abroad plan provides employees emergency medical coverage while traveling on business.
Educational Reimbursement
Citadel recognizes the important role employees have in creating and maintaining a learning environment. Our Growth & Development Team provides professional development opportunities that enhance the performance of our individuals and teams through instructor and self-lead training opportunities.
Employee Paid Benefits
Voluntary Life Insurance
Prudential
Employees may purchase additional life insurance for themselves, a spouse or domestic partner up to a maximum of $1,500,000 and $250,000 respectively, with $5,000 or $10,000 in additional coverage available for each child.
Prudential
After three months of employment, the monthly benefit amount is 60% of base salary up to $25,000. Benefits begin on the 91st day of an approved disability and continue until the approved disability ends or until age 65. Employees pay the premiums via payroll deduction to receive a tax-free benefit in the event of a disability.
Mental and Emotional Wellness
Lyra
Provides a range of care options for your emotional and mental health how, when, and where you need it at no cost to you. Lyra’s offering includes 10 mental health coaching and / or therapy sessions for you, your family, and dependents.
Headspace
Citadel offers all our employees unlimited access to Headspace, a leading wellness app that offers a variety of resources designed to increase mindfulness, improve sleep quality, enhance focus and productivity, reduce stress, and more.
Fitness
Administered in-house
Citadel promotes an active and healthy lifestyle for all employees by providing a 125 CAD monthly subsidy for employees to purchase health club memberships.
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