YUFA

Retirement

 


 
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YUFA Post Retirement Benefits Improved for 2001

 

Effective 1 February 2001, dental refunds went up to 100% for basic services and 50% for restorative services, with the yearly maximum remaining unchanged. Only percentages changed. The new rates should apply to any bills incurred on or after 1 February 2001.

Also effective 1 February 2001, survivors of deceased retirees will remain members of the plan to the end of the month for which the couple has paid. For a 24 month grace period, beginning on the first of the following month, a survivor will continue to be a member of the plan, paying fees as other single members do. Thereafter a survivor will have the option of remaining in the plan, paying in full for his/her coverage.

Effective 1 October 2000, the deductibles for major medical became $130 per person covered. (As this date was almost halfway through the deductible year, the insurer has reviewed the files since 1 October 2000 and refunded a member any amount deducted above the new rate.)

These improved benefits are currently in place until 31 December 2001, pending a renewal collective agreement between YUFA and the Board of Governors.