PENSION/BENEFITS WHILE ON PARENTAL LEAVE. Contributions to the pension and benefits plans shall continue on the part of the employee and the University on the basis of one hundred percent (100%) of salary.
PENSION/BENEFITS WHILE ON PARENTAL LEAVE. Pension/Benefits will only apply to the extent of the employee's coverage at the time of commencing leave. During the period of parental leave the University will continue to pay the benefit premiums normally paid for the eligible employee. Should the employee wish to continue Optional Life coverage, post-dated cheques shall be required from the employee for the period of leave to be covered. If the employee is participating in the Group RRSP Plan (Clarica) and if the employee wishes to continue with contributions to her Group RRSP during maternity leave, the University will continue to match that contribution to a maximum of six and one-half percent (6.5%) of the employee’s gross monthly salary in affect at the commencement of parental leave. Post-date cheques will be required from the employee to cover the cost of the employee’s share of RRSP contributions. If the employee is participating in the Municipal Pension Plan, then the Municipal Pension Plan rules that apply to parental leaves will be followed.
