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2014 Contribution Rates

The following is a summary of 2014 contribution rates for coverage under the McGill Benefit Program. Amounts paid by you are deducted directly from your after-tax pay. You may claim these amounts as a tax deduction when you file your annual income tax return. Rates are subject to change.

Supplemental Health and Dental: Both the annual cost and the amount that will be deducted per pay are indicated below.

 

BenefitMcGill Pays  You payDeductions
per pay

 Annual Cost    

Annual Cost

Bi weekly/Weekly  

Supplemental Health
Single
Family
$451.44
$889.38
$451.44
$889.38
$17.36      /  $8.68
$34.21     /  $17.10

Annual Cost

Annual Cost

Bi weekly/Weekly

Dental
Single
Family
$240.18
$537.12
$240.18
$537.12
$9.24      /    $4.62
$20.66    /   $10.33

Short-Term Disability 100% $0.00
Long-Term Disability $0.00 $0.901 per $100
of monthly earnings
Basic Life Insurance 100% $0.00
Optional Life Insurance $0.00 see table below
Accident Insurance 100% $0.00

plus 9% premium sales tax for Quebec residents

 

Optional Life Insurance Rates

Monthly cost per $1,000 of insurance:

Age groupRates ($)
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 +
0.020
0.025
0.035
0.055
0.093
0.163
0.198
0.373
0.620
0.965
1.552
2.479
3.898
5.066

plus 9% premium sales tax for Québec residents.

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