Benefit premiums - Faculty/Librarians
This benefit plan covers members working half time or more from the following employee groups:
- Faculty
- Librarians
Benefit premiums are reviewed regularly and updated annually in response to changing plan costs.
Extended health
| Benefit plan | Employee | Employer |
|---|---|---|
| Single | $13.82 | $32.23 |
| Couple/Family | $41.55 | $96.95 |
Dental
| Benefit plan | Employee | Employer |
|---|---|---|
| Single | $10.34 | $31.06 |
| Couple | $19.00 | $65.98 |
| Family | $29.21 | $87.69 |
Pensions
2025 Year's Maximum Pensionable Earnings (YMPE) = $71,300 (or $5,941.66 per month)
| Pension plan | Employee | Employer |
|---|---|---|
| Combination plan | 3.5% of basic regular salary up to YMPE plus 5.5% in excess of YMPE | 6.587% of basic regular salary up to YMPE plus 8.5% in excess of YMPE and 3.5% to supplement |
| Money purchase plan | 3% of basic regular salary up to YMPE plus 5% in excess of YMPE | 8.37% of basic regular salary up to YMPE, plus 10% in excess of YMPE |
Other premiums
| Coverage | Employee | Employer |
|---|---|---|
| Basic Life Insurace | $0 | $0.1293 per $1000 of coverage |
| Optional Group Life Insurance | Full cost of coverage | $0 |
| Long Term Disability | 3% of basic salary | $0 |