Algonquin College - Human Resources

Retiree Benefit Plan - Extended Health Care Rate Increase 2008

Due to fairly significant increase in some of the retiree premiums, we have included material to explain the reasons for the required premium increases to retirees.

EHC Plan 1

EHC Plan 2

EHCPlan 3

Please note:

If you do not wish to continue with your Sun Life benefit plan Human Resource Services requires written notification.

Premium Rates for Retiree Plans

Retirees 22182

Benefit	Premium Rates effective Feb 1/2008

Basic Life – Academic Only	$0.39 per $1,000
Basic Life – Other Retirees	$2.00 per $1,000
Additional Life Insurance	$0.95 per $1,000
Dependent Life Insurance	$5.00 per unit

Extended Health Care Plan 1
Retirees Under age 65 Single	$126.43
Dependent Under age 65	$162.34

Retirees age 65 and over Single	$111.21
Dependent Over age 65	$98.72

Extended Health Care Plan 2
Retirees Under age 65 Single	$124.79
Dependent Under age 65	$166.02

Retirees age 65 and over Single	$109.76
Dependent Over age 65	$100.95

Extended Health Care Plan 3
All Retirees Single	$63.42
Family	$129.22

Dental Care (separate) Single	$63.04
Family	$146.57

Note:

Under 22182, the Family rate for Extended Health Care Plans 1 and 2 will be the sum of the Single and Dependent rates.
Survivor rates are based on the survivor’s age for both single and dependent rates.