CUPE 3261: Benefit plan contributions effective July 2018

Date July 19, 2018
To: CUPE Local 3261 (Full-Time & Part-Time)
From: Steve Dyce, Director, Benefits, Pensions and Payroll, Division of Human Resources & Equity
Re: Benefit plan contributions effective July 2018

Effective July 1, 2018, there will be an increase to premiums for the current health and dental plans, and a decrease for life insurance and the LTD plans.

As a result of rising claims cost across the entire plan, the monthly employee and employer premiums across all groups will increase by 3% for the Extended Health Care plan and 2% for the Dental Plan.

The new monthly premiums are:

Extended Health Care Plan: Single $20.00 Family $71.78
Dental Plan: Single $14.22 Family $35.66
Life Insurance premiums will decrease by 10% and LTD will decrease by 5%

There will be a modest increase to the Joint Membership Plan monthly cost, which will vary slightly by option, but will be approximately 2%.

These changes in your monthly contributions will be reflected in your July pay.

Should you have any questions about these benefit changes please contact benefits.help@utoronto.ca