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ARTICLE 12 BENEFITS

12.1 MEDICAL AND HOSPITAL INSURANCE

The University assumes 100 percent of the cost of premiums paid through the University by faculty members, for the duration of their active employment for:

A. Current standard hospital and medical coverage.

B. Extended health care to include deductible of $25 & $25, eye care/hearing aid package, and semi‑priv­ate and private hospital coverage.

12.2 VISION CARE

Effective January 1, 2005 through to December 31, 2006 and every two year period thereafter, members are entitled to claim up to a maximum of $350.00 for lenses and frames for eyeglasses and up to $350.00 for contact lenses.

12.3 GROUP LIFE INSURANCE

A. The University assumes 100 percent of the cost of premiums paid for a group life insurance policy with face value of two times annual salary as detailed in the SunLife Group Life Policy 50813-G with the SunLife Assurance Company of Canada. Participation in this Group Life Plan is a condition of employment.

B. The University assumes 70 percent of the cost of premiums for a further group life policy of face value two times annual salary as detailed in the SunLife Group Policy 50813-G with the SunLife Assurance Company of Canada. Participation in this Group Life Plan is a condition of employment.

12.4 PENSION PLAN

Holders of Ontario teaching certificates who joined Ryerson as faculty members prior to September 1, 1984 are required to contribute to the Ontario Teachers' Pension Plan. All others classified as full-time faculty members will contribute to the Ryerson Retirement Pension Plan. Both plans are integrated with the Canada Pension Plan.

The member's contribution to the Ryerson Retirement Pension Plan at the present time is 8 per cent of regular salary. The member's contribution to the Ontario Teachers' Pension Plan will, effective September 1, 1984, be 8.9 percent of regular salary. The regulations covering each of these plans are part of this Agreement.

The Board agrees to continue the guarantee involving all former civil servants.

12.5 LONG TERM DISABILITY PROTECTION PLAN (L.T.D.P.P.)

Each faculty member is required, as a condition of employment, to participate in the Long Term Disability Protection Plan described in Appendix A (Long Term Disability Protection Plan (L.T.D.P.P.).

12.6 TRAVEL INSURANCE

In accordance with current University policy, the University will provide insurance protection covering death or dismemberment in the amount of $50,000 or an amount equal to 4 times annual salary to a maximum of $500,000, whichever is greater, for all faculty members while they are travelling on University business at no cost to the faculty member.

12.7 VOLUNTARY PRIVATE ACCIDENT INSURANCE

The University will continue to participate in the Council of Ontario Universities’ policy for Voluntary Accidental Death and Dismemberment Insurance currently held with Westbury Life under group policy D-608152. Faculty are entitled to enroll themselves and their families under this policy by electing coverage in $10,000. units to a maximum of $250,000. Enrolment is optional and premiums are 100% employee paid.

12.8 DENTAL INSURANCE

The University assumes 100 percent of the premium cost of a Dental Plan as detailed in the SunLife Policy 25180 with the SunLife Assurance Company of Canada. Participation in the Dental Plan is a condition of employment.

12.9 TUITION WAIVER

All faculty members shall be entitled to free tuition for themselves, their spouses, and their dependents for courses offered by the University in accordance with Appendix D (Waiver of Tuition for Faculty and Dependents) attached hereto.

12.10 BENEFITS FOR RETIRED RFA MEMBERS OVER 65

RFA members retiring at or after age 65 after July 1, 1985 will be eligible to participate in a modified benefit package by reimbursing the University for the premiums paid on their behalf.

12.11 BENEFITS FOR RETIRED RFA MEMBERS UNDER 65

The University will for those RFA members who, after June 30, 1986 retire prior to age 65, assume the cost of premiums until age 65 for the benefits described in 12.1 and 12.8 of this Article, and for group life insurance as follows:

 Age      Percentage of Pre-Retirement Coverage
 55-59    80 %
 60       70 %
 61       70 %
 62       60 %
 63       50 %
 64       40 %
 65       Nil

At age 65, the faculty member may elect the provisions of 12.10 above.