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Contribution rates

The following is a summary of the 2024 contribution rates for coverage under the ¿´Æ¬ÊÓƵ Benefit Program. Amounts paid by you are deducted directly from your after-tax pay. You may claimÌýy´Ç³Ü°ùÌýSupplemental Health and Dental plan contributionÌýas a tax deduction when you file your annual income tax return. Rates are subject to change.

Ìý

Benefit

2024 2024
MCGILL PAYS YOU PAY
Ìý

Bi-weekly

Bi-weekly

Supplemental Health
Single
Family


$26.31
$51.83


$26.31
$51.83

Dental
Single
Family


$12.45
$27.85


$12.45
$27.85

Short-Term Disability 100% $0.00
Long-Term Disability $0.00

1.145Ìý% per $100
of monthly earnings

Basic Life Insurance 100% $0.00
Optional Life Insurance $0.00 see table below
Accidental Death and Dismemberment 100% $0.00

Age 65+ Drug Plan

Single

Family

Ìý

$0.00

$0.00

Ìý

$138.65

$277.31

*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.


For those who retired on or after June 1st, 2016:

Benefit ¿´Æ¬ÊÓƵ Pays Bi-weekly You pay Bi-weekly

Supplemental Health
Single
Family


$15.78
$31.10


$36.83
$72.56

Dental
Single
Family


$0.00
$0.00


$24.90
$55.70

Basic Life Insurance 100% $0.00
Optional Life Insurance $0.00 See table below

*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.

For those who retired before June 1st, 2016:

Benefit ¿´Æ¬ÊÓƵ pays Bi-Weekly You pay Bi-weekly

Supplemental Health
Single
Family


$26.31
$51.83


$26.31
$51.83

Dental
Single
Family


$12.45
$27.85


$12.45
$27.85

Basic Life Insurance 100% $0.00
Optional Life Insurance $0.00 See table below

*Plus 9% sales tax for Quebec residents, and 8% for Ontario residents.

Optional life insurance rates

Monthly cost per $1,000 of insurance:

Age group Rates ($)

20-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85-89
90-94
95+

0.029
0.039
0.058
0.099
0.175
0.274
0.458
0.796
1.378
2.228
3.714
5.933
9.375
12.185

*Plus 9% premium sales tax for Quebec residents, 8% for Ontario residents.

Old Life Insurance Plan

TheÌýmonthlyÌýcontribution rates per $1,000 of coverage are as follows:

Ìý

2024ÌýRates

Active employees $2.040
Retired employees $3.307

If you have any questions regarding these rates, please call the HR Service Centre at 514- 398-4747.

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