| Date | July 19, 2018 |
|---|---|
| To: | USW Local 1998 (Appointed) Employees |
| 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(EHC) and 2% for the Dental Plan.
The new monthly premiums are:
| Extended Health Care Plan: | Single $19.64 | Family $70.76 |
|---|---|---|
| Dental Plan: | Single $15.38 | Family $36.08 |
| 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