| (a) |
The Board will administer The Manitoba Public School Employees Group Life Insurance Plan No. 335114 according to the terms and conditions of the Master Policy of the said plan.
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| (b) |
Unless otherwise excluded, the employees' share of annual premiums shall be deducted in as near equal amounts as possible from each salary cheque for all participants in the plan. One‑half (½) of the premium for the basic lump sum benefit of 200% of annual earnings for eligible employees shall be paid by the Division and one-half (½) shall be paid by the employee.
Eligible employees who were insured for the survivor income benefit as at March 31, 2001 will be insured for an additional 200% of annual earnings with one-half (½) of the premium for this amount being paid by the Division and one-half (½) being paid by the employee. The premium for any other additional option amounts of coverage under the Plan shall be fully paid for by the employee.
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| (c) |
All employees employed by the Division or coming on staff after the effective date of the implementation of the plan in the Division shall be required to participate in the plan, unless granted exclusion by the Trustees of The Manitoba Public School Employees Group Life Insurance Plan. |
The Division shall become the registered holder of the Disability Insurance Plan and the plan shall be such as shall be determined and paid for by the Association.
| (a) |
The Division will administer a dental insurance plan in accordance with the provisions of the Great‑West Life Dental Insurance Plan, Document No. 51001.
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| (b) |
The cost of the dental insurance plan will be borne by the Division, subject, however, to the following conditions:
| (i) |
Effective September 1, 2007, the Division will, at the end of each month, contribute one and thirty five-one hundredths of one per centum (1.35%) of the total gross payroll for the month based on the previous year's salary rates for those employees covered by this Collective Agreement.
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| (ii) |
In the event that the funds provided under (i) will not support the level of benefit set out in the Plan, Document No. 51001, the Association, upon being notified of the fact by the Division, shall be required to determine the reduction in benefits to meet the current and projected shortfall of funds. The nature of the reduction chosen shall be communicated by the Association to the Division within three (3) weeks of notification. |
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| (c) |
Any surplus accumulated in the plan from year to year shall be retained for the benefit of the members of the plan, including the improvement of the level of benefits. Should the Association elect to improve the level of benefit, it shall require the prior agreement of the Division. Should the plan be terminated, any accumulated surplus and interest shall become the property of the Association.
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| (d) |
The Division’s cost of administering the plan, including consultants’ fees, shall be charged to the plan. |
