Benefit premiums - Management Excluded
This benefit plan covers regular members working half time or more from the following employee groups:
- Management Excluded
- Executive (non-faculty)
- Physicians
- External Management group
Benefit premiums are reviewed regularly and updated annually in response to changing plan costs.
Extended health
| Benefit plan | Employee | Employer |
|---|---|---|
| Single | $14.29 | $43.72 |
| Couple/Family | $41.94 | $128.29 |
Dental
| Benefit plan | Employee | Employer |
|---|---|---|
| Single | $10.25 | $30.70 |
| Couple | $19.06 | $57.21 |
| Family | $29.43 | $88.44 |
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 | 6.87% 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 Insurance | $0.274 per $1000 of coverage | $0.0823 per $1000 of coverage |
| Optional Group Life Insurance | Full cost of coverage | $0 |
| Long Term Disability | 3% of basic salary | $0 |