LTD PREMIUM CONTRIBUTIONS

Submitting LTD Premiums

Employers must submit LTD premiums by electronic funds transfer bi-weekly for all employees covered by the Plan.

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The bi-weekly payment of LTD premiums is shared equally between employer and employee.  It is based on a percentage of the employee's normal salary to a maximum normal bi-weekly salary of $6,730.77.

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Premiums must be paid during your employee’s qualifying period, and also if your employee is receiving WCB benefits.

• “Qualifying period” means 100 consecutive work days your employee is unable to work or perform the essential duties of their occupation because of illness or injury. 

 

Normal salary

• Normal salary is the regular bi-weekly salary your employee was receiving immediately prior to becoming disabled.  

          o   It includes any educational and/or unit premiums. It does not include bonuses or overtime.

• For Provincial relief employees, normal salary is the average biweekly salary they received in the 26 pay periods immediately before the date they became disabled. It includes any salary increases up to the last day of the qualifying period if date of disability is prior to June 1, 2025.

          o   If your employee has fewer than 26 pay periods, take the average based on 26 (divide the employee’s total pay by 26).

o ​  It  does not include bonuses or overtime.

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Premiums are waived when:

• an employee is receiving LTD benefits under the Plan.

• an employee chooses not to maintain coverage while on authorized leave.

         o   If they choose this option, they will be treated as a new employee when they return.

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Income tax

You will receive a spreadsheet from us each January for T4 purposes confirming the pension contribution and union dues paid on behalf of the employees who are receiving LTD benefits.

 

Questions?

Download the Premium Remittance Form or contact:

Joanne Honeygold, Office Manager

902-461-0421 Ext. 0