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Benefits update - Group Life Insurance Plan

News

Published: 20 Dec 2006

We are pleased to announce that due to favourable experience, there will be a decrease in rates under the Optional Life Insurance Plan. The new monthly rates effective January 1, 2007, are as follows:

Age Groups Current Rates New Rates
20-34 $0.036 $0.032
35-39 $0.045 $0.041
40-44 $0.063$0.057
45-49$0.099$0.089
50-54$0.171$0.154
55-59$0.295$0.266
60-64$0.361$0.325
65-69$0.680$0.612
70-74$1.130$1.017
75-79$1.760$1.584
80-84$2.830$2.547
85-89$4.520$4.068
90-94$7.110$6.399
95+$9.240$8.316

For more information on our Benefits Plan, you can refer to the Benefits website, or call the Benefits office at 514-398-4900.

Robert Savoie, Executive Director
Human Resources

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