The University of British Columbia
UBC - A Place of Mind
The University of British Columbia
Faculty of MedicineDepartment of Psychiatry
  • Home
  • About the Department
    • About the Department
    • UBC PSYCHIATRY STRATEGIC PLAN 2020-2025
    • Department Leadership
    • Administration Office Contacts
    • Department & UBC Contacts
    • Divisions/Programs
    • Faculty Directory
    • Faculty Organizational Chart
    • Partnerships
    • Giving
  • News & Events
    • Communications Bulletin
    • Events of Interest for Department Members
    • Event Calendars
    • Awards & Honours
      • FACULTY AWARD RECIPIENTS
  • Education
    • Contacts
    • Undergraduate Medical Education Program
    • CaRMS
    • Postgraduate Training Program
      • Resident Research and Scholarly Activity
        • Information For Residents
          • Scholarly Activity Project
          • Research Electives
          • Research Supervisor List
          • Resident Research Track
          • Resident Research Projects and Awards
          • Resources
        • Information For Research Supervisors
        • Research and Scholarly Activity Committee
        • Contact Us
    • Postgraduate Psychiatry Subspecialty Training Programs
    • Psychiatry Summer Immersion Program
    • Related Education Programs
  • Research & Clinical Trials
    • 2022 UBC Psychiatry Annual Research Day
    • Research & Clinical Trials
    • Clinical Trials
    • Department Response to COVID-19
      • UBC Psychiatry COVID-19 Return to Work (Phase 1) Resumption Plan
  • Department Resources
    • Department Resources
    • Faculty HR Resources
      • Academic Faculty HR Resources
      • Clinical Faculty HR Resources
      • Career & Fellowship Opportunities
      • Rounds & Continuing Professional Development
      • Career & Fellowship Opportunities
    • General HR Resources
    • Psychiatry IT Support
      • Psychiatry IT Service Bulletins
    • IRP & WORKDAY
    • Equity, Diversity and Inclusion
    • Space, Facilities, and Other Resources
      • Rental Rates
  • UBC Institute of Mental Health
    • IMH Advisory Board
    • IMH Executive Committee
    • IMH Scientific Advisory Committee
    • IMH Marshall Fellows Program
    • Community Partnerships
    • Past IMH Directors
» Faculty of Medicine » Home » 2013 » December » 09 » UBC Benefits email: Disability Benefit Plan Premium Rate effective January 1, 2014

Contact

Administration Office, Education Office and Psychiatry IT Contacts

UBC Benefits email: Disability Benefit Plan Premium Rate effective January 1, 2014

If you are having difficulty viewing this email, please click here to view it in your browser

 

Disability Benefit Plan Premium Rate effective January 1, 2014

To: M&P, Administrative Executive, and CUPE 2278 ELI Staff Enrolled in the M&P Disability Benefit Plan

From:  M&P DBP Governance Committee

Your Disability Benefit Plan (DBP) is a mandatory, employee-paid plan that provides a monthly income for those who meet the definition of disability, and who have been unable to work for a period of six months (the elimination or qualifying period) as a result of the disability.  This monthly income benefit, which is based on a percentage of your income, is paid for during the period of disability, up to age 65.  The DBP is an insured benefit administered by Sun Life Financial, with oversight from the DBP Governance Committee.

Each year, effective January 1st, the premium rate is reconsidered based on claims experience, demographic data of plan members, and potential future claims experience of the plan.  The rates can go up or down each year, depending on the above factors.

The DBP premium rate proposed by the Insurer (Sun Life) was recently reviewed and negotiated by the DBP Governance Committee and their Benefits Consultants.  As a result, your DBP contribution rate will be 1.310% of your earnings for the 2014 calendar year.  The new rate is a slight reduction from the 2013 rate of 1.346%.

The DBP premiums are income-based deductions based on your gross earnings; therefore, premiums are deducted each pay period.

On an annual basis, we will continue to review the disability plan to ensure that it meets the needs of our members, and remains financially competitive.

For Additional Information

Detailed information about the DBP Plan can be located on the UBC Human Resources web site:

M&P:  www.hr.ubc.ca/benefits/irp-dbp/management-professional/

Administrative Executives:  www.hr.ubc.ca/benefits/irp-dbp/administrative-executive/spp/

CUPE 2278:  www.hr.ubc.ca/benefits/irp-dbp/cupe-2278

If you have any questions, please contact Stephanie Mah at 604-822-6823 or stephanie.mah@ubc.ca.

  • Previous Post
  • Next Post
Department of Psychiatry
Faculty of Medicine
Detwiller Pavilion
2255 Wesbrook Mall
Vancouver, BC Canada V6T 2A1
Website psychiatry.ubc.ca
Find us on
 
Back to top
The University of British Columbia
  • Emergency Procedures |
  • Terms of Use |
  • Copyright |
  • Accessibility