| Plan | Frequency | Employee Premium/Contribution | Employer Premium/Contribution |
Pension Plan
| effective April 1, 2013 (first full pay period) |
| Each Pay | 7.9% of pensionable earnings up to the YMPE* and 9.5% of pensionable earnings in excess of the YMPE. | 7.9% of pensionable earnings up to the YMPE* and 9.5% of pensionable earnings in excess of the YMPE. |
| | *YMPE is the Year’s Maximum Pensionable Earnings. For 2024, the YMPE is $68,500.
|
| COLA Plan | effective April 1, 2015 (first full pay period) |
| | Each pay | 1.0% of pensionable earnings. | 1.0% of pensionable earnings.
|
| Life Insurance Plan | effective April 1, 2013 (first full pay period) |
| Basic Personal* | Each pay | Nil | 8.26 cents per $1,000 of insurance.
|
| Optional Personal* | Each pay | 8.26 cents per $1,000 of insurance per unit of Optional Insurance. The employee may choose 1, 2, 3 or 4 units. | Nil |
*The maximum combined benefit payable for Basic and Optional Personal Life Insurance is $1,000,000.
The total of the employer premium plus the employee premium cannot exceed the maximum premium of $82.60 each pay. |
| Optional Family | Each pay | $2.42 per unit (maximum of 10 units) | Nil |
Healthcare Plan
| effective September 1, 2024 |
| | Monthly | Single Coverage: $21.86
Family Coverage: $54.55 | Single Coverage: $21.86
Family Coverage: $54.55 |
| Dental Plan | effective September 1, 2024 |
| | Monthly | Single Coverage: $21.40
Family Coverage: $62.46 | Single Coverage: $21.40
Family Coverage: $62.46 |
| Healthcare Spending Account | effective June 1, 2019
|
| | Monthly | Nil | Claims incurred plus administration fee. |
Employee Assistance Plan
| effective July 1, 2023 |
| | Monthly | Nil | $4.10 per employee |
Disability & Rehabilitation Plan
| effective January 1, 2019 |
| | Each Pay | The total premium paid by employers or employees/employers is 2.2% of eligible earnings. |
Retiree Healthcare Plan
| effective September 1, 2024 |
| Level I | Monthly | Single Coverage: $3.91
Family Coverage: $6.87 | Not applicable |
| Level II | Monthly | Single Coverage: $47.23
Family Coverage: $74.66 | Not applicable |