New Pension and Benefits Rates effective May 1, 2021
What is happening?
On May 1st of each year, the contracts that cover the University of Waterloo’s extended health, dental, long-term disability, and life insurance benefits are subject to a rate renewal. Pension contribution rates are not subject to an annual renewal, but changes are required through time. Where applicable, new rates are applied, and employee deductions processed. Participation in the University of Waterloo pension and benefits is mandatory for all eligible employees.