TORONTO, Sept. 19,
2023 /CNW/ - As the Official Bank of the Canadian
Defence Community, BMO has announced expanded benefits for its
employees who are members of the Canadian military community and
their families. Effective October 1,
2023, these BMO employees will be eligible for a Military
Leave Top-Up as a Military Reservist and Military Family Leave
where an employee has a family member who is a Military
Reservist.
BMO's expanded Military Leave Top-Up ensures that
employees' income is not affected when they need to be away for
military training or service. It includes top-ups of up to eight
weeks for training and up to 52 weeks for all operational domestic
and international deployments, including domestic deployment
protecting Canadians from natural disasters. The Military Family
Leave guarantees up to 30 days of job-protected, unpaid leave for
BMO employees with family members who are Reservists that need to
attend training and deployment.
"BMO is proud to expand our benefit offerings to strengthen our
position as the Official Bank of the Canadian Defence
Community and put us in a leading position among Canadian
banks," said Vanessa Lewerentz,
Chief Inclusion Officer, BMO. "Building a diverse and inclusive
workplace that is reflective of the communities we serve is
fundamental to our Purpose, to Boldly Grow the Good in business
and life."
"Managing and coordinating time away from work can be stressful
for Reservists and their families because of the responsibilities
they're juggling to serve our country," said Juron Grant-Kinnear, Canadian Armed Forces
Reserve member and Assistant Corporate Secretary and Lead, Legal
Services, BMO. "This enhanced policy gives me and my fellow
reservists greater financial peace of mind, especially during
periods of extended military leave."
As the Official Bank of the Canadian Defence
Community, BMO is proud to support the military community.
Additional initiatives include:
- BMO has partnered with the Canadian Forces Morale and Welfare
Services to offer banking solutions for the Canadian Defence
Community.
- Sponsor of the Canada Army Run since 2008, RCAF Run and Navy
Bike Ride, with BMO employees volunteering in support of
activation.
- Serving over 100,000 members of the Canadian Defence Community
as of August 2023, meeting the bank's
target of doubling this customer segment two years early
- Approximately 90 Canadian Defence Community Branches, serving
customers in approximately 33 military bases and units across
Canada
- Special discounts and banking benefits for Canadian Personal
& Business Banking clients, helping BMO customers save more
than $16.8 million in monthly plan
fees in 2022.
- With the BMO Support Our Troops Mastercard, a portion of each
transaction made goes to the official charitable cause of the
Canadian Armed Forces, Support Our Troops. BMO Support Our Troops
Mastercard recently hit $1 million in
donations.
- Veterans Advisory Council employee resource group supporting
colleagues who are reservists, veterans or military spouses.
- Military-friendly hiring page on
https://jobs.bmo.com/ca/en/military/
- In 2021, BMO announced a $150,000
donation in support of Last Post Fund, Veterans' House Canada and
Wounded Warriors Canada.
For more information on how BMO is supporting the Canadian
Defence Community please visit www.bmo.com/cdcb.
About BMO
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.25 trillion as of July 31, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to over 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
Purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
society.
SOURCE BMO Financial Group