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PROSPECTIVE EMPLOYERS

If you would like information on becoming a NSPS-LTD Plan (Plan) member employer, we encourage you to contact the Plan office and we can walk you through what the Plan offers and how it might differ from your current plan.

 

THE PLAN AT A GLANCE

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  • coverage is mandatory, it is effective as of date of hire and continues beyond age 65

  • the qualifying period for benefits is 100 consecutive lost workdays or expiry of sick leave whichever is greater

  • for the first 24 months the definition of disability is based on the employee’s ability to perform the essential duties of their own occupation

  • after 24 months the definition of disability changes and the employee must be disabled from any occupation for which they are qualified or may become qualified and pays not less than 75% of pre-disability earnings

  • the benefit is taxable

  • the benefit is paid biweekly and is based on 65% of normal salary to a maximum of $4,375 for the first 3 years then 70% to a maximum of $4,711

  • if your employees are members of the PSSP, pension contributions are deducted from the benefit and submitted to PSSP

  • if your employees are NSGEU, or CUPE members their union dues are deducted from the benefit and submitted to NSGEU or CUPE

  • standard offsets apply see LTD BENEFIT PAYMENTS.  

  • the Appeal Process is specific to the Plan see APPEAL GUIDELINES the Plan cannot be sued

 

THE REVIEW PROCESS 

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Before considering the inclusion of any employer, the Trustees must evaluate whether the employer aligns with the overarching mission and values of the Plan.

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The design of any prospective employer’s disability program must be similar to the design of the Plan.

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The review process depends on the size of the prospective employer relative to the covered population of the Plan.

 

THINGS TO CONSIDER

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  • past and current claims will not be transferred to the Plan

  • if determined an actuarial analysis is required, the cost will be borne by the employer 

  • the Plan will only provide the same benefits to new employers as those currently provided to existing Plan members

  • no modifications to the Plan design will be made

 

We welcome your questions, please contact the Plan office.

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