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  #1  
Old 11-28-2018, 02:45 PM
Johnnyboy Johnnyboy is offline
 
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Default FSA/FICA - Bonus

Good afternoon !

In Canada, once you obtained your FSA & FICA, I observed 2 possibilities:
A) some insurance/reinsurance compagnies adjust your annual bonus & salary.
B) some only offer a salary adjustment mentioning that the bonus is linked to your role in the company (manager for example), not education credits.

I heard also that consulting firms is aligned with B.

Can you please comment on what you observed in the market? Only general info, nothing specific.

thanks !
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  #2  
Old 12-04-2018, 03:25 PM
fallaway fallaway is offline
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Quote:
Originally Posted by Johnnyboy View Post
Good afternoon !

In Canada, once you obtained your FSA & FICA, I observed 2 possibilities:
A) some insurance/reinsurance compagnies adjust your annual bonus & salary.
B) some only offer a salary adjustment mentioning that the bonus is linked to your role in the company (manager for example), not education credits.

I heard also that consulting firms is aligned with B.

Can you please comment on what you observed in the market? Only general info, nothing specific.

thanks !
Which Canada are you talking about? I've only heard of FCIA ...
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Old 12-04-2018, 03:38 PM
CuriousGeorge CuriousGeorge is offline
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Which Canada are you talking about? I've only heard of FCIA ...
It's for Canadian fellows who want to be covered by Social Security.
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Old 12-04-2018, 03:55 PM
fallaway fallaway is offline
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It's for Canadian fellows who want to be covered by Social Security.
Never mind, just realized it's FICA (Fellow, Institut canadien des actuaires), same as FCIA but french... The OP must be working in Quebec ...

Anyway, I know Manulife gives a one time salary increase for obtaining FCIA, and I suspect other large company ( or just The other large insurer) would have something similar ...
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Old 12-04-2018, 03:55 PM
OnLevel OnLevel is offline
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It's for Canadian fellows who want to be covered by Social Security.
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Old 12-04-2018, 03:56 PM
fallaway fallaway is offline
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It's for Canadian fellows who want to be covered by Social Security.
did you mean Social Insurance?
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  #7  
Old 12-04-2018, 04:30 PM
CuriousGeorge CuriousGeorge is offline
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No, because it isn't insurance.
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Old 12-04-2018, 05:39 PM
Johnnyboy Johnnyboy is offline
 
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Originally Posted by fallaway View Post
Never mind, just realized it's FICA (Fellow, Institut canadien des actuaires), same as FCIA but french... The OP must be working in Quebec ...

Anyway, I know Manulife gives a one time salary increase for obtaining FCIA, and I suspect other large company ( or just The other large insurer) would have something similar ...
Yes exactly, FCIA
ok thanks, so no bonus adj when you get the FCIA degree or FSA degree?
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