Life Insurance
The University provides its retirees with life insurance coverage the amount of which is determined as follows:
(a) Pension Plan members who joined the University before July 1, 1976: equal to 50% of their salary at time of retirement.
(b) Pension Plan members who joined the University after July 1, 1976:
- those with fewer than 10 years of service: $2,000;
- those with 10 or more years of service: 10% of their final salary with a minimum of $2000 and a maximum of $5000.
Because the premiums for our post-retirement life insurance are paid by the employer, the Canada Revenue Agency considers them a taxable benefit, for which a T4A slip must be issued annually. If you have questions about the life insurance or the T4A slip, please contact the Information HR team at inforh@uottawa.ca or telephone them at 613-562-5832.