Benefits

There are a variety of benefits available to members of the Faculty Association – health benefits, insurance plans, the pension plan, tuition waivers and funds to reimburse you for professional expenditures.

Health Benefits

Medical Services Plan of British Columbia (MSP)

Residents of British Columbia are required to register themselves and their dependents with the Medical Services Plan. Members of the Faculty Association pay for their Medical Services Plan premiums in full – no portion of the premiums is paid by the University. Upon application, Faculty Association Members may have their MSP premiums automatically deducted from their salary and submitted to the provincial government by the University. Eligible dependents include legal spouses, common-law spouses, same-sex partners and unmarried dependent children under the age of 19 or under the age of 25 if the child is a full-time student at a school or university.

For further information about the Medical Services Plan, including extent of coverage or wait times if you are new to BC, please visit the MSP website.

The monthly premiums for BC residents with an annual net income over $30,000 are $75.00 for single coverage, $136.00 for couples, and $150.00 for family coverage. Note: As of January 1, 2017, monthly rates for Singles and Families (2 Adults) with incomes over 42,000 p.a. will be $78.00 and $156.00 respectively. There will be no premiums for children under the age of 19.

Extended Health Plan

The Extended Health benefits provide coverage of some items not covered by the provincial plan, including ambulance fees, out-of-country emergency medical care, vision care, prostheses, and some prescription drugs. For full details on coverage, please refer to the HR Benefits website .

There is a $25 deductible per year/per family. Claim forms are available from Financial Services; claims can also be filed electronically through the Sun Life website.

The premiums are paid by UBC.

Dental Plan

The dental plan covers 100% of Preventative Procedures, 100% of Basic Procedures, 70% of Major Restoration Procedures and 65% of Orthodontic Procedures up to $3000.00 lifetime maximum per person. The plan will not cover every type of procedure, so Faculty Association members are strongly encouraged to confirm coverage or submit a treatment plan to Sun Life in advance of any major procedure. For full details on coverage, please visit the HR Benefits website or refer to the SunLife Financial booklet “Your Group Benefits

The premiums are paid by UBC.

Employee and Family Assistance Plan (EFAP) 

EFAP is a self-referred, confidential counseling and information service for Faculty Association members and their families. Enrollment is mandatory for those with appointments of at least 50% and at least four months. The current provider of this service is Shepell.

Contact Shepell at 1.800.387.4765 or visit the WorkHealthLife website–complete confidentiality is assured. Information that you share with EFAP staff will not be shared with UBC, and the University is not told the identity of those using Shepell services.

The premiums are paid by both UBC and Faculty Association members: UBC pays $2.80/month and members pay $1.20.

Insurance Plans

Basic Life Insurance

This benefit is mandatory for those with full-time appointments of one year or more. It is optional for those in part-time appointments, “without review” appointments of at least 50% and terms of four months or more. Your age and annual salary determine your coverage – for full details of coverage, see the HR Benefits website.

The premiums (paid by UBC and taxable) for the Basic Life Insurance are 0.309% of salary.

Income Replacement Plan (IRP)

The Income Replacement Plan (IRP – formerly Long Term Disability) is intended to provide income to those who are unable, due to illness or injury, to perform their own or a similar occupation. This benefit is mandatory (after one year) for those with full-time appointments of one year or more and optional for those with part-time appointments, with appointments without review or with appointments under 12 months.

IRP benefits begin after a qualifying period of six months. This six-month period is covered by the paid sick leave available to Faculty Association members. IRP provides a percentage of monthly salary (70% of the first $1830.00 + 60% of the next $1830.00 + 40% of the amount in excess of $3660.00). For full details on coverage, see the HR Benefits website.

The premiums (paid by the Faculty Association member) for the Income Replacement Plan are 0.9% of salary.

Optional Life Insurance

In addition to the Basic Life Insurance provided by UBC, Optional Life Insurance is available for Faculty Association members, their spouses or common-law partners and dependent children. The Optional Life Insurance can be bought in units of $25,000.00 to a maximum of $750,000.00. For full details on coverage, see the HR Benefits website .

The premiums (paid by the Faculty Association member) vary depending on age and whether you smoke.

Accidental Death and Dismemberment Insurance (AD&D)

In addition to the Basic Life Insurance and the Optional Life Insurance, Accidental Death and Dismemberment Insurance provides benefits for accidental death, loss of limbs, sight or hearing. This insurance is available to the Faculty Association member and spouse or common-law partner. For full details on coverage see the HR Benefits website.

The premiums (paid by the Faculty Association member) vary depending on level of coverage.

Tuition Waiver 

Tuition fee waivers for UBC credit courses are available for Faculty Association members and their dependent children. Tuition fee waivers are not available for spouses of Faculty Association members. Faculty Association members may receive a waiver for up to 12 credits per year of graduate or undergraduate courses (some conditions apply). Dependent children may receive a waiver for up to 120 credits of coursework in an undergraduate degree program (some conditions apply). For full information on how to apply for the tuition fee waiver for Faculty Association members or the tuition fee waiver for dependent children, please see the HR Benefits website. The benefit is paid for by UBC and is a taxable benefit.

Professional Development Funds

Eligible members of the Faculty Association have access to $1100.00 per year to reimburse some of the professional expenses. These funds can be banked for up to three years and borrowed against for up to three years. To review the types of eligible expenses, or to check whether you are eligible for the fund, please see the Faculty Relations website.

Faculty Pension Plan

Terms of the Faculty Pension Plan are not bargained by the Faculty Association. Accessibility and contribution rates are bargained. Participation is mandatory for those with an appointment that is full-time and for one year or more. Sessional Faculty with appointments of eight months or more are eligible for membership. Those holding sessional appointments should consult with the Faculty Pension Plan Administration office to determine eligibility.

The Faculty Pension Plan is a defined contribution plan. Contributions are made by a Faculty Association member and UBC. Faculty Association members may choose from a variety of different investment funds. You may choose to divide your pension monies among several funds or transfer between funds. For further details on the Faculty Pension Plan, or your options upon retirement, please see the Faculty Pension Plan website.

The defined contributions (as specified in the Collective Agreement) are 15% of your salary: the Faculty Association member puts in 5% of his/her salary, and UBC puts in 10% of the member’s salary.

Optional Supplemental Pension Arrangement

There is a Supplemental Pension Arrangement for those Faculty Association members who are members of the Faculty Pension Plan, and whose contributions exceed the maximum annual amount allowed by Revenue Canada. For further information on the Supplemental Pension Arrangement, see the Faculty Pension Plan web site.