May 1, 2024
Negotiated FTE (Full Time Equivalent) funding is used to fund the Basic Life and AD&D (Accidental Death and Dismemberment) premiums for eligible active members and the majority of the funding for health and dental benefits. Eligible members on a non-statutory approved leave may elect to continue to participate in the benefits plan on a 100% member-paid basis.
Basic Life and AD&D benefits are 100% funded by the OSSTF ELHT and mandatory for all eligible active members regardless of their FTE level. The plan also includes Voluntary Life Insurance and Accidental Death and Dismemberment Benefits for members and their spouses as well as child optional life benefits on a voluntary 100% member paid basis.
Participation in the health and dental benefits is voluntary. The negotiated FTE funding pays 94% of the premium for 1.0 FTE active members with the member responsible for 6% of the premium. There is an additional pro-rating of member contributions for members with a less than 1.0 FTE.
| Benefit | Eligible Active Member/ Eligible Member on Statutory leave |
Eligible Member on non-Statutory leave | ||||
|---|---|---|---|---|---|---|
| Member Pays | Trust Pays | Mandatory/ Voluntary | Member Pays | Trust Pays | Mandatory/ Voluntary | |
| Basic Life and Accidental Death and Dismemberment (AD&D) | 0% | 100% | Mandatory for all eligible active members regardless of their FTE level. | 100% | 0% | Voluntary |
| Optional Member and Spousal Life and AD&D | 100% | 0% | Voluntary | 100% | 0% | Voluntary |
| Optional Child Life | 100% | 0% | Voluntary | 100% | 0% | Voluntary |
| Health and Dental | 6% for 1.0 FTE eligible members. Pro-Rated for less than 1.0 FTE eligible members. | 94% for 1.0 FTE eligible members. Pro-Rated for less than 1.0 FTE eligible members. | Voluntary | 100% | 0% | Voluntary |
The chart below provides a summary of estimated costs for full and part-time participating members based on the rates at inception of the plan:
| 1.0 FTE | 0.667 FTE | 0.5 FTE | 0.333 FTE | ||
|---|---|---|---|---|---|
| Health | Single | $7.61 | $47.32 | $67.24 | $87.16 |
| Family | $19.03 | $118.31 | $168.10 | $217.89 | |
| Dental | Single | $4.01 | $24.91 | $35.39 | $45.87 |
| Family | $10.02 | $62.27 | $88.48 | $114.68 | |
During the enrolment process, members can see the cost of their benefit selections, which will help them make informed decisions on their coverage.
The information in this document is provided by OSSTF Benefits for general information only. OSSTF Benefits endeavours to have all information current and accurate. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the information included. All information is subject to change without notice.
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