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The Pension & Benefits Committee approved changes effective January 1st, 2024.

What does this mean?

The amount available for reimbursement has increased to the new maximum as outlined above. For example, the coverage for paramedical practitioners (e.g., physiotherapy) has an annual reimbursement maximum of $841, instead of $811 per year.

Friday, September 29, 2023

Minimum Wage Changes October 1, 2023

The minimum wage rates in Ontario are increasing on October 1, 2023 as summarized in the following table:

Minimum wage rate Current wage rate Effective October 1, 2023

General minimum wage – applies to most employees

$15.50 per hour

$16.55 per hour

What is happening?

On May 1st, of each year, the University’s extended health, dental, life insurance (Life) and long-term disability (LTD) benefits are typically subject to a contract renewal. Where applicable, new rates are applied, and employee deductions processed.

Participation in the University’s benefits program is mandatory for all eligible employees. Please refer to the employee Benefits section of the Human Resources website for more information.

  • Please review your vacation allotment and consider taking vacation time before July 1, 2023
  • Employees can automatically carry forward up to 10 unused days of vacation
  • Only employees in exceptional circumstances will be approved to carry forward more than 10 unused days of vacation

The Pension & Benefits Committee has approved the following changes effective January 1st, 2023:

Benefit

Provision

Previous Maximums

New Maximums

Extended Health

Psychologist, Master of Social Work, Registered Psychotherapist

$975 per year

As we approach the end of the year, the official change in our benefit plan provider from Canada Life to Green Shield Canada (GSC) on January 1, 2023 is fast approaching. As part of our communication and change management plan to support our employees with this transition, welcome kits from GSC have been mailed to your home address on file with the University.