A program designed to provide income replacement for eligible employees unable to work due to a non-work-related illness or injury. For example, should an employee require time off following surgery, this program offers financial support during their recovery period.
This type of benefit is an important component of an employee’s overall compensation package. It provides a safety net during unforeseen circumstances, ensuring financial stability during periods of medical leave. Historically, these programs have evolved to address the growing need for worker protection and income security amidst health challenges.
