Academic executive: benefit eligibility, start dates and cost

Academic Executives hold senior academic roles – such as president, provost, vice president and associate vice president – at UBC.

The benefits you are eligible for as an Academic Executive depend on your age at your date of hire.

Before you enrol in your benefits package, please review the table below to familiarize yourself with:

  • the benefits you are eligible for,
  • whether these benefits are mandatory or optional,
  • the date that each benefit will become effective, and
  • the monthly cost of each benefit.

You will receive a benefits task in your Workday inbox to enrol. Once you receive this task, please ensure that that you enrol in the benefit plans in Workday. For Workday resources and help visit the Integrated Service Centre.

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You may also be eligible for the following benefits and entitlements:

You do not need to enrol in the above benefits. You apply for these benefits when you want to use them.

BenefitMandatory or OptionalAvailable up to specified ageEffective date

2024

 

Your cost (per month

2024

 

UBC pays (per month)

Extended Health Plan

(includes Health Spending Account and Surrogacy & Adoption Plan)

OptionalUnder 71

Date of hire.

 

If you are new to Canada, you have an MSP “statutory waiting period” consisting of the balance of the month of arrival, plus two months. You will be enrolled in the Extended Health Plan on the first of the month immediately following the waiting period.

$0

Single: $110.48

 

Single + dependent: $272.48

Family: $272.48

Dental PlanOptionalUnder 71Date of hire.$0

Single: $82.70

 

Single + dependent: $156.80

Family: $261.32

Employee and Family Assistance ProgramMandatoryUnder 71Date of hire. You will be automatically enrolled in this benefit.$0$4.00
Income Replacement PlanMandatoryUnder 65Date of hire. You will be automatically enrolled in this benefit.1.346% of regular earnings$0
Basic Life InsuranceMandatoryUnder 71Date of hire. You will be automatically enrolled in this benefit.$0$0.071/$1,000 of benefit (salaried); 0.206% (hourly) based on regular earnings

Employees

Optional Life and Accidental Death & Dismemberment Insurance

OptionalUnder 71You are eligible to apply on your date of hire; however, you must submit a Health Statement with your application, which is subject to approval by the insurer.Depends on age, amount and smoker status. Please see the OPT table and AD&D table.$0

Spouses

Optional Life and Accidental Death & Dismemberment Insurance

OptionalEmployee is under age 65Your spouse is eligible to apply on your date of hire; however, they must submit a Health Statement with their application, which is subject to approval by the insurer.Depends on age, amount and smoker status. Please see the OPT table and AD&D table.$0
Faculty Pension PlanMandatoryUnder 71Date of hire. You will be automatically enrolled in this benefit.

5% to $3,500

 

3.2% between $3,500 and $68,500

5% over $68,500 of gross annual salary

10.0% to $3,500

 

8.2% between $3,500 and $68,500

10.0% over $68,500 of gross annual salary

Disclaimer

The benefits information on this website is provided as a descriptive summary only. While the University has endeavored to accurately reflect its benefit programs, policies and plans, the information on this website does not create any contractual or other rights between the University and its faculty and staff members. To the extent that there are any conflicts or discrepancies between the benefits information on this website and the benefit plan documents (including group insurance contracts and benefit booklets) or any applicable collective agreement, employment agreement, or UBC policy, the benefit plan documents and collective agreement, employment agreement, or UBC policy will govern in all cases.

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