The following is a summary of the 2024 contribution rates for coverage under the Â鶹AV Benefit Program. Amounts paid by you are deducted directly from your after-tax pay. You may claimÌýy´Ç³Ü°ùÌýSupplemental Health and Dental plan contributionÌýas a tax deduction when you file your annual income tax return. Rates are subject to change.
|
Ìý Benefit |
2024 | 2024 |
|---|---|---|
| MCGILL PAYS | YOU PAY | |
| Ìý |
Bi-weekly |
Bi-weekly |
| Supplemental Health Single Family |
|
|
| Dental Single Family |
|
|
| Short-Term Disability | 100% | $0.00 |
| Long-Term Disability | $0.00 |
1.145Ìý% per $100 |
| Basic Life Insurance | 100% | $0.00 |
| Optional Life Insurance | $0.00 | see table below |
| Accidental Death and Dismemberment | 100% | $0.00 |
|
Single Family |
Ìý $0.00 $0.00 |
Ìý $138.65 $277.31 |
*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.
For those who retired on or after June 1st, 2016:
| Benefit | Â鶹AV Pays Bi-weekly | You pay Bi-weekly |
|---|---|---|
|
Supplemental Health |
|
|
|
Dental |
|
|
| Basic Life Insurance | 100% | $0.00 |
| Optional Life Insurance | $0.00 | See table below |
*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.
For those who retired before June 1st, 2016:
| Benefit | Â鶹AV pays Bi-Weekly | You pay Bi-weekly |
|---|---|---|
|
Supplemental Health |
|
|
|
Dental |
|
|
| Basic Life Insurance | 100% | $0.00 |
| Optional Life Insurance | $0.00 | See table below |
*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.
Optional life insurance rates
Monthly cost per $1,000 of insurance:
| Age group | Rates ($) |
|---|---|
|
20-34 |
0.029 |
*Plus 9% premium sales tax for Quebec residents, 8% for Ontario residents.
Old Life Insurance Plan
TheÌýmonthlyÌýcontribution rates per $1,000 of coverage are as follows:
| Ìý |
2024ÌýRates |
|---|---|
| Active employees | $2.040 |
| Retired employees | $3.307 |
If you have any questions regarding these rates, please call the HR Service Centre at 514- 398-4747.
