Benefits/Pension Plan
Answer
- The Library Board deems it important to provide a balanced benefit program to eligible staff.
- All employees are subject to the mandatory deductions required through government legislation or court order.
- The Library Board offers participation in the Chamber of Commerce Group Insurance Plan, the LAPP (Local Authorities Pension Plan) and a library Flexible Spending Plan.
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- CHAMBER OF COMMERCE BENEFIT PLAN
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- Staff eligibility criteria:
- must be a permanent employee.
- must work a minimum of twenty (20) hours per week.
- must have completed the three (3) months probation period.
- An employee has the right to opt out of joining the benefit plan when they become eligible.
- Benefits currently available through the plan are:
Life insurance + Accidental Death & Dismemberment
Weekly Indemnity
Long Term Disability
Dependent Insurance
Health Insurance
Dental Insurance
- Premiums:
Premiums shall be 50% employer paid and 50% employee paid, subject to the exceptions listed in 2.5.6.6 (Unpaid Job Protected Leave) and 2.5.8.11.a (Sick Leave).
Management will review benefits details with employee upon employee joining plan.
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- CHAMBER OF COMMERCE GROUP REGISTERED RETIREMENT SAVINGS PLAN
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- Staff eligibility criteria:
- must be a permanent employee.
- must work a minimum of twenty (20) hours per week.
- must have completed the three (3) months probation period.
- An employee has the right to opt out of joining the group RRSP plan when they become eligible.
- Contributions:
Employer will match employee contribution to a maximum of $50 per month, or as negotiated in contract.
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- MORINVILLE PUBLIC LIBRARY FLEXIBLE SPENDING PLAN (FSP)
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- Staff eligibility criteria:
- must be a permanent employee.
- must work a minimum of thirty hours per week.
- must have completed the three-month probation period.
- An employee has the right to opt out of joining the FSP when they become eligible.
- Allocation:
The FSP amount is $500 per year.
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- Funds reimbursement for the FSP is subject to Canada Revenue Agency (CRA) guidelines and will be considered a taxable benefit to the employee.
- Any unused portion of the account may be carried forward up to one (1) calendar year after which it will be forfeited.
- Any employee who leaves their employment with the Morinville Community Library will forfeit all monies left in the account.
- Claims:
- Claims must be accompanied by an official original receipt detailing an item or service purchased and showing the amount paid out.
- Claims will be paid to the employee within thirty (30) working days from submission of the paperwork.
- Categories eligibility:
Categories eligible under the FSP are listed in Form 2.6.3 Flexible Spending Plan Claim Form.
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- LOCAL AUTHORITIES PENSION PLAN (LAPP)
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- Staff eligibility criteria:
- must be a permanent employee.
- must work a minimum of thirty (30) hours per week.
- must have completed the three (3) months probation period.
- cannot opt out of joining the pension plan.
- cannot be enrolled in the group RRSP.
- Should an employee have a reduction of hours to less than thirty (30) hours per week due to temporary measures, the employee shall remain an active member of the plan.
- Should an employee have a permanent reduction of hours to less than thirty (30) hours per week, the employee will be terminated from the LAPP plan.
- Should an employee be placed on temporary layoff, they shall remain an active member of the plan and be reported to LAPP as a Leave Without Salary (LWOS).
- An employee on Leave Without Salary remains an active member of the plan.
- Pension contributions shall be based on:
- basic salary or wages.
- payments such as sick pay, bereavement pay, medical appointment for employee and family pay.
- Long Term Disability earnings:
- An employee on LTD is remunerated by the insurance provider and shall be reported to LAPP as a Leave Without Salary (LWOS).
- An employee on LTD who receives partial pay from the Morinville Community Library shall be reported to LAPP as Leave With Partial Salary (LWPS).
- Contributions:
- Contributions will be directly applied to earnings by payroll and will be reflected on the pay stubs.
- Pension plan details shall be made available upon request.