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Regular Employees - PARTs B&C

Group Life Insurance

1 x Annual Earnings, rounded to the nearest $1000, plus $2000 = Lump Sum Payment to your Group Life Beneficiary.

Survivor Income Benefits (SIB)

25% of Annual Earnings divided by 12 = monthly payments to your SIB Beneficiary.

If your SIB Beneficiary is your Spouse - the benefit is payable for your spouse's lifetime or 10 years, whichever is longer.

If your SIB Beneficiary is other than your Spouse - the benefit is payable for 10 years

Short Term Disability

This benefit is designed to provide you with income approximately equal to your pre-disability net income. As there is no income tax payable on this benefit and the Member may be in receipt of other sources of income replacement. Which affects the STD Benefit amount, the amount of the STD benefit will vary for each Member. For more information on the amount paid in each situation, please see the chart under the detailed information for Short Term Disability, which follows later in the booklet.

Cost