December 31 is the deadline for spending at least some of your Health and/or Personal Spending Accounts under the Flexible Spending Plan. Amounts remaining in the fund will carry over for only one year, and allocated funds left unspent after two years are returned to the Employer. Make sure you spend the credits that are… Continue reading Spend unused credits!
Tag: benefits
Information regarding management of short-term disability benefits by a private contractor
Effective May 1, 2017, the University contracted a private corporation called Lifemark Health Group to manage our short-term disability benefit. Part of our Salary Continuance Plan provides that the employer will pay faculty members their full salary for the first 90 days of an illness or disability. Members who remain ill or disabled beyond this… Continue reading Information regarding management of short-term disability benefits by a private contractor
Report on the USFA Scholarship Fund 2010 – 2011 Academic Year
The USFA Scholarship was established in 2004. Each year scholarship awards are made to eligible students of USFA Faculty members. The University of Saskatchewan makes an annual contribution to the fund of $250,000. In 2010/2011 a record number of 208 applications were received. Of these applicants, 196 students were eligible for partial tuition reimbursement. For… Continue reading Report on the USFA Scholarship Fund 2010 – 2011 Academic Year
Voluntary Group Life Insurance (VGLI) Contribution Holiday
For the 9th year in a row, VGLI members will receive a contribution holiday. The duration of this year’s holiday is four months. The VGLI premiums for the months of March, April, May and June, 2012 will be paid for by the USFA VGLI Trust Fund. The USFA is the sponsor of the VGLI plan… Continue reading Voluntary Group Life Insurance (VGLI) Contribution Holiday
A Little Used Benefit
Apparently, not many members take advantage of the "Flexible Health and Wellness Spending Program". Slightly more than one quarter of USFA members per year have submitted claims for reimbursement since this program started in 2007. This round of negations has increased funds available in this program from $150 to $500 per year. These funds can… Continue reading A Little Used Benefit