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May 27th, 2007

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Pension and Benefits Information (Unit 1)

 

 

Downloadable Documents

Benefits Booklet (effective July 1, 2003)

   
 

2006 Pension Plan

No change to "RULE of 80"

Article 22 - BENEFITS SCHEDULE (Memorandum of Settlement)

         View Article 22.02

Pension Contribution

Increase of the employee contribution rate by 0.75%, both below and above YMPE on
June 16, 2006 and 2007, respectively. This brings the contribution rate from 3.5% to
4.25% to 5.00% below YMPE and from 5.0% to 5.75% to 6.5% above YMPE. Increase
Employee contributions by an additional 0.50% commencing on June 16, 2008, bringing
the contribution rate to 5.50% below YMPE and to 7.00% above YMPE.

Increase the current vesting period from "immediate" to two (2) years for Employees
hired June 15, 2006 and after.

Post Retirement Benefits

Ten years service to attain post-retirement benefits for new hires. Article 22.01(c)

   
 

2006 Benefit Plan Improvements

The following benefit plan improvements are effective June 16, 2006:

Paramedical Coverage

Increase current paramedical coverage to $500 maximum per benefit year per practitioner
per person with no per-visit maximum

Vision Care

Effective June 16, 2006, $85 per 2 year period per person for Eye Tests (Family coverage;
to the extent not otherwise covered), where this service is not already covered by OHIP.
This provision is separate from the $250 vision benefit for eye glasses, contact lenses or
laser eye correction surgery.

Managed Drug Formulary with Generic Substitution

The prescription drug plan will be revised to a new formulary called Rx05

Diagnostic equipment & extension devices will be provided on the same basis as now
available through the Drug Plan, but separate from the Drug Plan. (aerochanbers,
glucometers, etc)

No lifestyle drugs (ED, Fertility, Xenical, Smoking Cessation)

Managed Drug Formulary - Appeal Process

Appeal process for non-formulary drugs, and non-generic substitution.

         Exception/Special Authorization Application Form

The Employer will establish an appeal process through which the Employee may provide
medical evidence of a requirement for either a drug that is not on the formulary or has
not been dispensed in favour of a generic. Reimbursement for such drug is considered
for payment based on this process.

What is Rx05? (HR Information)

Rx05 Q and A (HR Information)

Memo to Physicians/Pharmacists (Updated June 28, 2006)

   
 

Existing Benefits

Effective June 16, 2003 for active Employees only, the Dental Plan will be increased as
follows:

$ major restorative to a maximum of $2500 person
$ orthodontic to a maximum of $2500 per person

Effective June 16, 2003 for active Employees only, the Major Medical Plan will be increased
as follows:

$ Vision - to a maximum of $250 per "rolling" 24 months

   
   

 

 
 

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