Common use of Staff Benefits Clause in Contracts

Staff Benefits. ‌ 16.01 The University maintains the master contracts or plan texts. The Union will be provided with a copy of either upon request. The Employer shall continue to make available to the employees the plans as outlined below in accordance with the policies and regulations for and regarding such plans as laid down by the Employer. This shall include Long-Term Disability Insurance, Life Insurance, Semi-Private Hospital, Supplementary Medical, and the Revised Pension Plan of Queen’s University. Should it intend to amend or change any of the said plans, the Employer will discuss such amendments or changes with the Union. Furthermore, if there should occur any increase in the share of cost of these plans paid by the University, as outlined below, for any other group in the University, such changes would automatically apply to the employees covered by this Collective Agreement. a) Revised Pension Plan of Queen's University (the “Pension Plan”): (i) The University's contribution to the Minimum Guarantee Fund shall be as determined by a valuation prepared by the Pension Plan's actuaries. Such contribution shall be in accordance with the requirements of the Ontario Pension Benefits Act, RSO 1990, c P.8, as amended from time to time (hereinafter, the “Pension Benefits Act”) and also shall not exceed the maximum amount that is permitted under the Income Tax Act, RSO 1990, c P.8, as amended from time to time (hereinafter, the “Income Tax Act”). (ii) The Pension Plan will be amended to reflect the changes outlined in the Memorandum of Agreement signed August 6, 2011 and to reflect required employee money purchase contribution rates as follows: Up to the Canada Pension Plan Yearly Maximum Pensionable Earnings 5.0% 5.5% 6.0% 6.5% 7% Above the Canada Pension Plan Yearly Maximum Pensionable Earnings 6.6% 7.2% 7.8% 8.4% 9% b) Long Term Disability Income Plan (100% paid by employee): (i) Any new full-time continuing employees in C.U.P.E. Local 254 will be required, unless otherwise adequately covered, to enrol in the Long Term Disability Insurance Plan. It is understood that when a bargaining unit member of C.U.P.E. Local 254 is placed on LTD, their position will be held for a period of up to 3 years. (ii) Employees age 65 and over are not eligible for coverage under this plan, so Employees will not be required to remain enrolled in the Long Term Disability Plan 6 months prior to their normal retirement date. (iii) The Union will be notified by the Employer when LTD application documents have been sent to an employee.

Staff Benefits. ‌ 16.01 15.01 The University maintains the master contracts or plan texts. The Union will be provided with a copy of either upon request. The Employer shall continue to make available to the employees the plans as outlined below in accordance with the policies and regulations for and regarding such plans as laid down by the Employer. This shall include Long-Term Disability Insurance, Life Insurance, Semi-Private Hospital, Supplementary Medical, and the Revised Pension Plan of Queen’s University. Should it intend to amend or change any of the said plans, the Employer will discuss such amendments or changes with the Union. Furthermore, if there should occur any increase in the share of cost of these plans paid by the University, as outlined below, for any other group in the University, such changes would automatically apply to the employees covered by this Collective Agreement. a) Revised Pension Plan of Queen's University (the “Pension Plan”): (i) The University's contribution to the Minimum Guarantee Fund shall be as determined by a valuation prepared by the Pension Plan's actuaries. Such contribution shall be in accordance with the requirements of the Ontario Pension Benefits Act, RSO 1990, c P.8, as amended from time to time (hereinafter, the “Pension Benefits Act”) and also shall not exceed the maximum amount that is permitted under the Income Tax Act, RSO 1990, c P.8, as amended from time to time (hereinafter, the “Income Tax Act”). (ii) The Pension Plan will be amended to reflect the changes outlined in the Memorandum of Agreement signed August 6, 2011 and to reflect required employee money purchase contribution rates as follows: Up to the Canada Pension Plan Yearly Maximum Pensionable Earnings 5.0% 5.5% 6.0% 6.5% 7% Above the Canada Pension Plan Yearly Maximum Pensionable Earnings 6.6% 7.2% 7.8% 8.4% 9% b) Long Term Disability Income Plan (100% paid by employee): (i) Any new full-time continuing employees in C.U.P.E. Local 254 will be required, unless otherwise adequately covered, to enrol in the Long Term Disability Insurance Plan. It is understood that than when a bargaining unit member of C.U.P.E. Local 254 is placed on LTD, their his/her position will be held for a period of up to 3 years. (ii) Employees age 65 and over are not eligible for coverage under this plan, so Employees will not be required to remain enrolled in the Long Term Disability Plan 6 months prior to their normal retirement date. (iii) The Union will be notified by the Employer when LTD application documents have been sent to an employee.