one great University, two great campuses

1
Welcome
Okanagan

• one great University, two great campuses

2
Overview

• Although the terms and conditions have not yet
  been finalized for many employees receiving
  offers from UBC, we have included benefits and
  pension information from various employee groups
  at UBC so that you may have a point of reference
  and comparison as you contemplate your offer of
  employment.

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UBC Benefit Plans
for Staff Employment Groups

• Natasha Malloff, Manager, Benefits
• Presentation for UBC-Okanagan
• December 1-2 6-8, 2004

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Agenda

• Overview of Staff Benefit Plans
• General
• Coverage
• Cost-Sharing Arrangements
• Navigating UBC Benefits Website
• Next steps

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What are the plans?

• Health Benefit Plans
• Medical Services Plan
• Extended Health
• Dental
• Employee and Family Assistance Program (EFAP)
• Life Insurance
• Basic Group Life Insurance
• Optional Employee and Spousal Life and ADD

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What are the plans? (cont...)

• Income Protection for Illness or Injury
• Short-term Sick Leave
• Income Replacement Plan (long-term disability)
• Leave of Absence
• Vacation
• Professional Development Support
• Tuition Waiver Benefit
• Post-Retirement Benefits

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Health Benefit PlansEligible Dependents

• A legally married or common-law spouse, or
  partner of the same sex
• Any dependent child who is
• 18 years of age or younger or,
• between 19 and 25 years of age in full-time
  attendance at a school or university
• for Employee and Family Assistance Program, in
  addition to the above
• dependent parents who are living with you and
  financially dependent on you.

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Health Benefit PlansMedical Services Plan of BC

• Enrollment on UBC group MSP plan is optional
• Coverage
• Medically required services of physicians and
  surgeons

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Health Benefit PlansExtended Health

• Provides for reimbursement of medically necessary
  services and supplies
• Optional benefit
• Annual deductible of 25 per single or family
• 1,000,000 lifetime maximum per person

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Health Benefit PlansExtended Health

• In-province eligible expenses
• Semi-private or private hospital room, medical
  equipment and supplies, paramedical coverage and
  prescription drugs
• 80 reimbursement 100 reimbursement after
  1,000 in paid claims per person per year
• Pay-direct prescription drug card
• CUPE 2950 Prescription Drug Plan
• 85 reimbursed for drugs listed in the PharmaCare
  Formulary
• 70 reimbursed for other drugs not listed in the
  PharmaCare
• Pay-direct prescription drug card

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Health Benefit PlansExtended Health

• Vision Care (includes prescription frames, lenses
  and contact lenses)
• 100 reimbursement up to a maximum of 400 per
  person in any 24 month period
• ..for CUPE 2950 eligible expenses include
  routine eye exams, laser eye surgery,
  prescription sunglasses
• Out of country coverage
• 100 reimbursement in the event of an emergency
  only
• Out of country medical assistance service
  available
• 100 of contributions are employer paid

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Health Benefit PlansDental

• Optional
• Coverage
• 100 of Basic Preventative and Restorative
  services
• Cleanings, check-ups, fillings, and x-rays
• 70 of Major Restorative services
• Crowns, bridges, and veneers
• 65 of Orthodontic services (lifetime maximum of
  3,000 per employee or dependent)

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Health Benefit PlansDental

• Reimbursement based on current year Dental Fee
  Guide
• 100 of contributions are employer paid

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Health Benefit PlansEmployee and Family
Assistance Program

• Compulsory benefit
• Provides confidential counselling for employees
  and their family members (including dependent
  parents)
• Contributions are based on utilization under the
  program
• 30 of contributions paid by the employee
  (1.20/mth)
• 70 of contributions paid by the employer
  (2.80/mth)
• For appointments employees call Interlock
  directly at 431-8200
• Jointly sponsored program between employee groups
  and UBC

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Life InsuranceBasic Group Life Insurance

• Compulsory benefit
• Coverage based on your age and annual basic
  salary at death
• Death benefits paid to your designated
  beneficiary
• 100 of premiums are employer paid

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Life InsuranceOptional Employee and Spousal Life

• Must be enrolled in Basic Group Life coverage
• Coverage available to employee and/or spouse or
  partner
• Cost depends on employees and/or
  spouses/partners age and smoker/non-smoker
  status
• Coverage
• 25,000 to a maximum of 250,000 (in multiples of
  25,000)
• Dependent children automatically covered at no
  extra cost at the rate of 5,000 per 25,000 of
  spousal insurance (or 5,000 per 25,000 of
  employee coverage for single parents)

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Life InsuranceOptional Employee ADD

• Must be enrolled in Optional Life Insurance
  coverage
• Equivalent dollar value to Optional Life
  Insurance coverage (no spousal ADD available)
• 100 of premiums are employee paid

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Life InsuranceBasic Group and Optional Life
Plans

• Following the end of employment, employees may
  convert their coverage to an individual policy
  available from the insurance carrier during a
  31-day conversion period (maximum amount 200,000
  between all life plans)

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Income Protection for Illness or
InjuryShort-term Sick Leave
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Income Protection for Illness or InjuryIncome
Replacement Plan

• Long-term Disability
• Qualifying period is 6-months
• 100 of contributions are employee paid

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Income Protection for Illness or InjuryIncome
Replacement Plan

• Provides a non-taxable monthly income benefit

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Income Protection for Illness or InjuryIncome
Replacement Plan

• University maintains health, dental, efap, basic
  life under the terms of the those plans
• Optional Life plan includes disability waiver of
  premium provision
• Paid for duration of disability to recovery,
  death, or normal retirement at age 65
• Credited years of service are maintained by the
  Staff Pension Plan

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Leave of AbsenceVacation

• Executive Administrative and CUPE 2950

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Leave of AbsenceVacation

• Management Professional

• Maximum carry-over is 10 working days

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Professional Development Support Tuition Waivers

• 12 credits of UBC undergraduate credit courses
  per year
• (transferable to eligible dependents)
• OR
• Dollar equivalent in non-credit courses offered
  through UBC Continuing Studies
• for Management and Professional includes 12
  credits of UBC normal graduate credit courses per
  year or normal graduate program fees as indicated
  in the UBC calendar
• Tuition Fee portion of course only
• Yearly renewal does not accumulate from year to
  year
• Effective September 1, 2004 12 undergrad
  credits 1,604.40

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Post-Retirement BenefitsRetiree and Survivor
Benefits Program

• What are the plans available?
• Extended Health Plan
• Dental Plan
• Employee and Family Assistance Plan (EFAP)
  (Interlock)
• Medical Services Plan (MSP)
• 100 of premiums are retiree/survivor paid

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Post-Retirement BenefitsRetiree and Survivor
Benefits Program

• Extended Health Plan
• Annual deductible of 1,000.00 per person or
  family
• 100,000 lifetime maximum per person
• 80 of in-province eligible expenses
• 100 of out-of-province eligible expenses
  (emergency medical treatment)
• Out-of-country medical assistance service

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Post-Retirement BenefitsRetiree and Survivor
Benefits Program

• Dental Plan
• 70 of Basic Preventative and Restorative
  services 50 of Major Restorative services
• 1,500 combined annual maximum per calendar year
  per person covered
• A choice of either Direct Pay or Reimbursement
  method of payment

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Post-Retirement BenefitsRetiree and Survivor
Benefits Program

• Employee and Family Assistance Plan
• Confidential counselling service for retirees and
  their dependents
• Medical Services Plan
• Medically required services of physicians and
  surgeons
• Life Insurance Coverage
• No retiree life plan, however, Conversion
  privilege available

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Post-Retirement BenefitsRetiree and Survivor
Benefits Program

• Looking for more information?
• See www.hr.ubc.ca/retiring/rsb

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Navigating UBC Benefits Website

• UBC-O transition website www.okanagan.ubc.ca

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Next Stepsfor your Benefit inquiries

• Visit UBC Okanagan website (www.okanagan.ubc.ca)
• Navigate through benefits information
• Visit Frequently Asked Questions (FAQs)
• Other Questions benefitsinfo_at_hr.ubc.ca

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Understanding the UBCStaff Pension Plan (SPP)

• Jay Parker
• Executive Director Operations
• December 2004

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Agenda

• Municipal Pension Plan (MPP)
• UBC Staff Pension Plan (SPP)
• Municipal Pension Plan Benefits
• SPP Examples
• Sources of Information
• Next steps

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Municipal Pension Plan
A defined benefit plan is one in which the
benefit to be paid is established by formula.
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Municipal Pension Plan (contd)

• 1 Unreduced pension available at earliest of
• age 55 and rule of 90 (age plus service 90)
• age 60 with 2 years service
• age 65

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UBC Staff Pension Plan (SPP)
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UBC SPP (contd)
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Municipal Pension Plan Benefits

• Retain MPP benefits accrued to transition date
• Usual MPP termination options available
• Deferred pension payable at future retirement
  date, OR
• Transfer CV to RRSP
• Ultimate pension at retirement will be MPP
  pension (if deferred) SPP pension
• You can get an estimate of your MPP pension from
  the Pension Corporation website

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SPP Contribution Example
Salary 45,000
Member
UBC
YBE (CPP Years Basic Exemption) is frozen at
3,500 for all future years YMPE (CPP Years
Maximum Pensionable Earnings) is 40,500 for 2004
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MPP Contribution Example
Salary 45,000
Member
Employer1
1 Average 2003 employer contributions for other
than police and firefighters.
YBE (CPP Years Basic Exemption) is frozen at
3,500 for all future years YMPE (CPP Years
Maximum Pensionable Earnings) is 40,500 for 2004
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SPP Retirement Examples
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SPP Retirement Examples (contd)
Age 65, 35 years service, average earnings 50,000
1 Maximum CPP Retirement pension in
2004. 2 Maximum benefit effective October, 2004
assumes full eligibility.
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Sources of Information

• UBC Staff Pension Plan
• Pension Administration Staff
• Web-site www.hr.ubc.ca/pensions/staff/
  Brochures, Newsletters, General Information
• E-mail address pensioninfo_at_hr.ubc.ca

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Sources of Information (contd)

• Municipal Pension Plan
• Pension Administration Staff
• Web-site www.pensionsbc.ca
• Brochures, Pension Estimator, Investment
• Info/Rates of Return, General Information
• E-mail address mpp_at_pensionsbc.ca

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Next Stepsfor your Staff Pension Plan inquiries

• Visit SPP website for general information
• Access pension estimator on Municipal Pension
  Plan website
• Arrange individual information session if desired