YUFA
Benefits
The new Collective Agreement, ratified on the 5th of September, includes new hearing aid coverage for active members and improved funding security for retiree benefits.
Active members and their families will have $300 available every 3 years per covered person to reimburse the cost of hearing aids. This level of coverage is consistent with that of other employee groups at York.
The settlement also provides for a 33% increase in employer funding for retiree benefits. The retiree benefits fund will increase from $300 000 to $450 000 per year.
According to projections, this amount, along with retiree-paid premiums, will be adequate to fund the current retiree benefits package through 2003.
The new hearing aid benefit will apply in cases where the hearing loss is due to a cause other than an accident. Hearing aids required because of an accident are already covered at 100% of the cost. The change will be implemented and YUFA members notified as soon as possible.