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Contribution rates

The following is a summary of the 2020 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.

  2020 2020
Benefit MCGILL PAYS YOU PAY
 

Bi-weekly

Bi-weekly

Supplemental Health
Single
Family


$23.08
$45.47


$23.08
$45.47

Dental
Single
Family


$11.86
$26.52


$11.86
$26.52

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

$1.031 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

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


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

Benefit McGill Pays Bi-weekly You pay Bi-weekly

Supplemental Health
Single
Family


$13.84
$27.28


$32.30
$63.65

Dental
Single
Family


$0.00


$23.72
$53.05

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 McGill pays Bi-Weekly You pay Bi-weekly

Supplemental Health
Single
Family


$23.08
$45.47


$23.08
$45.47

Dental
Single
Family


$11.86
$26.53


$11.86
$26.53

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+

0.026
0.033
0.046
0.072
0.123
0.215
0.262
0.493
0.820
1.277
2.053
3.279
5.155
6.700

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

Old Life Insurance Plan

If you have basic coverage under the Old Life Insurance Plan, the cost of this coverage is shared 50-50 with the University.  The 2020 monthly contribution rates per $1,000 of coverage are as follows:

Active employees $1.89/$1,000 of coverage
Retired employees $2.91/$1,000 of coverage

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

 

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