Memo: Disability Benefit Plan (DBP) Premium Rate for Staff Enrolled in the M&P Disability Benefit Plan Effective January 1, 2014 (Dec. 9, 2013)

Date: Dec. 9, 2013
From: M&P DBP Governance Committee
To: M&P, Administrative Executive, and CUPE 2278 ELI Staff Enrolled in the M&P Disability Benefit Plan
Subject: Disability Benefit Plan (DBP) Premium Rate Effective January 1, 2014

Your Disability Benefit Plan (DBP) is a mandatory, employee-paid plan that provides a monthly income for those who meet the definition of disability, and who have been unable to work for a period of six months (the elimination or qualifying period) as a result of the disability. This monthly income benefit, which is based on a percentage of your income, is paid for during the period of disability, up to age 65. The DBP is an insured benefit administered by Sun Life Financial, with oversight from the DBP Governance Committee.

Each year, effective Jan. 1, the premium rate is reconsidered based on claims experience, demographic data of plan members, and potential future claims experience of the plan. The rates can go up or down each year, depending on the above factors.

The DBP premium rate proposed by the Insurer (Sun Life) was recently reviewed and negotiated by the DBP Governance Committee and their Benefits Consultants. As a result, your DBP contribution rate will be 1.310% of your earnings for the 2014 calendar year. The new rate is a slight reduction from the 2013 rate of 1.346%.

The DBP premiums are income-based deductions based on your gross earnings; therefore, premiums are deducted each pay period.

On an annual basis, we will continue to review the disability plan to ensure that it meets the needs of our members, and remains financially competitive.

For Additional Information

Detailed information about the DBP Plan can be located on the UBC Human Resources web site:

If you have any questions, please contact Stephanie Mah at 604-822-6823 or

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