The following is a summary of the 2024 contribution rates for coverage under the ÎÛÎÛ²ÝÝ®ÊÓƵ Benefit Program. Amounts paid by you are deducted directly from your after-tax pay. You may claimÌýy´Ç³Ü°ùÌýSupplemental Health and Dental plan contributionÌýas a tax deduction when you file your annual income tax return. Rates are subject to change.
Ìý Benefit |
2024 | 2024 |
---|---|---|
MCGILL PAYS | YOU PAY | |
Ìý |
Bi-weekly |
Bi-weekly |
Supplemental Health Single Family |
|
|
Dental Single Family |
|
|
Short-Term Disability | 100% | $0.00 |
Long-Term Disability | $0.00 |
1.145Ìý% per $100 |
Basic Life Insurance | 100% | $0.00 |
Optional Life Insurance | $0.00 | see table below |
Accidental Death and Dismemberment | 100% | $0.00 |
Single Family |
Ìý $0.00 $0.00 |
Ìý $138.65 $277.31 |
*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.
For those who retired on or after June 1st, 2016:
Benefit | ÎÛÎÛ²ÝÝ®ÊÓƵ Pays Bi-weekly | You pay Bi-weekly |
---|---|---|
Supplemental Health |
|
|
Dental |
|
|
Basic Life Insurance | 100% | $0.00 |
Optional Life Insurance | $0.00 | See table below |
*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.
For those who retired before June 1st, 2016:
Benefit | ÎÛÎÛ²ÝÝ®ÊÓƵ pays Bi-Weekly | You pay Bi-weekly |
---|---|---|
Supplemental Health |
|
|
Dental |
|
|
Basic Life Insurance | 100% | $0.00 |
Optional Life Insurance | $0.00 | See table below |
*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.
Optional life insurance rates
Monthly cost per $1,000 of insurance:
Age group | Rates ($) |
---|---|
20-34 |
0.029 |
*Plus 9% premium sales tax for Quebec residents, 8% for Ontario residents.
Old Life Insurance Plan
TheÌýmonthlyÌýcontribution rates per $1,000 of coverage are as follows:
Ìý |
2024ÌýRates |
---|---|
Active employees | $2.040 |
Retired employees | $3.307 |
If you have any questions regarding these rates, please call the HR Service Centre at 514- 398-4747.