Competitive benefits are a key component of Cameco's Total Rewards. We work hard to design our benefits programs to address the diverse needs of our employees.
Cameco provides the following fixed benefits:
- Employee and dependent life insurance
- Accidental death and dismemberment (AD&D) insurance
- Disability benefits
- Paid vacation leave
Salaried employees can take advantage of lower group rates and buy additional (or optional) life insurance and AD&D insurance for themselves and their dependents.
Regular full-time employees are eligible for benefits as of their date of hire.
In addition to the fixed benefits listed above, salaried employees participate in Cameco's flex-benefits program, which includes fixed benefits and a choice of one of three benefits packages.
Each flex-benefits package has a combination of
- Core health benefits, such as prescription drug coverage, vision care, and paramedical services
- Dental benefits
- Flex credits
The lower the number of eligible expenses and the reimbursement level of core health and dental benefits, the greater the number of flex credits. Employees can allocate their flex credits to one of two accounts:
Health Spending Account – provides coverage of eligible health and dental expenses that are not covered under the core benefits.
Personal Spending Account – provides reimbursement for expenses relating to physical and mental well being, such as fees to join a fitness facility, eligible tuition fees for education, or to use the services of a certified financial planner.
Cameco's unionized workforce also enjoys competitive benefits, negotiated through collective bargaining.
Cameco offers employees interest-free loans to buy computer or fitness equipment for personal use. Employees can receive one-year loans of up to $2,500 to enhance fitness and learning opportunities at home.