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The AV¾ãÀÖ²¿ Employee Benefits Committee (EBC) recently reviewed the annual renewal recommendations for the insured benefits program. Through this process the claims experience of each of the benefit plans were examined and the Committee agreed that the following premium rates are required, effective April 1, 2014.

A)ÌýÌýÌýÌý Group Life Benefits (Manulife)

During the past fiscal year, the claims experience of the plan has resulted in a decrease of 19 percent in the contract rate. The university pays 100% of this premium and thus employees will see no change to their contributions.

B)ÌýÌýÌýÌýÌý Survivor Income Benefits (Manulife)

No Change. This benefit is cost shared 50/50 between the employee and the university.

C)ÌýÌýÌýÌý Long Term Disability (Manulife)

The LTD claims experience has increased this past year. Therefore, the Committee agreed to increase the premium by 12 percent to 1.248% of payroll.

For example, employees with an annual salary of:
ÌýÌý Ìý$30,000 will see an increase of $3.35 per month
ÌýÌý Ìý$60,000 will see an increase of $6.70 per month
ÌýÌý Ìý$90,000 will see an increase of $10.05 per month Ìý

D)ÌýÌýÌýÌýÌý Major Medical Insurance (Medavie Blue Cross)

The AV¾ãÀÖ²¿ Health plan is operated on an Administrative Services Only (ASO) basis. This means that the premium collected is used to pay the member's claims plus a fee for claims administration. This year there will be a decrease of 2.0 percent in the contributions for this plan. This benefit is cost shared 40/60 between the employee and the University and thus the following employee contribution rates will begin April 1, 2014.
Ìý
ÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý Current Rates per MonthÌýÌý ÌýEffective April 1, 2014
SingleÌýÌý ÌýÌýÌýÌý 20.13ÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌý 19.10
FamilyÌýÌý ÌýÌýÌýÌý 57.39ÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌýÌýÌýÌý 54.98

E)ÌýÌýÌýÌýÌý Health Travel Coverage (SSQ Financial Group)

The premium that members pay for travel coverage in the past has been included in the health rate. Effective April 1, 2014 this rate will now be broken out as a single deduction. This benefit is based on an insured plan provided by SSQ Financial Group. The Committee has accepted the rate increase requested by the insurer and proposed by the consultant which in this case is an increase of 25 percent. This means that the current single rate of $1.62 will increase to $2.03 of which 40% is paid by the employee.

F)ÌýÌýÌýÌýÌý Dental Plan (Medavie Blue Cross)

The AV¾ãÀÖ²¿ Dental Plan is also administered on an Administrative Services Only (ASO) basis. This past year the experience has resulted in a decrease of 2.3 percent that was approved by the Committee. Therefore, effective April 1st 2014, the following employee contribution rates will be in place.Ìý

ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý Current Rates per MonthÌýÌýÌý Effective April 1, 2014 Monthly Rate
Orthodontics Ìý

SingleÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý 23.95ÌýÌý ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý 23.40
FamilyÌýÌý ÌýÌýÌýÌý ÌýÌýÌýÌýÌýÌýÌý 60.91ÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌýÌýÌýÌý 59.51

Non OrthodonticsÌýÌý Ìý

SingleÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý 22.54ÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý Ìý 22.02
FamilyÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý 53.07ÌýÌý ÌýÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌýÌýÌý 51.85

G) ÌýÌý ÌýThere were no changes to the following insurance premiums;

•ÌýÌý ÌýAccidental Death & Dismemberment

•ÌýÌý ÌýOptional Life Insurance

•ÌýÌý ÌýVoluntary Personal Accident Insurance

Employees will not see a change in these contribution amounts.

Note: Employees governed by the Civil Service Agreement at the Agricultural Campus are not impacted by the benefit renewals outlined above.

If you have any questions regarding your benefits, please call the Pensions and Employee Benefits office at 494-1122, or email benefits@dal.ca.Ìý