Working Past Age 65

Full-Time UWOFA Faculty Members who continue to work past their Normal Retirement Date (NRD) will experience changes to their benefits.

Although you are still working, benefit providers and the Collective Agreement (CA) refer to the term (NRD) to mark changes to some of your benefits.

Your NRD is the July 1st that corresponds with or immediately follows your 65th birthday. For example, if you turn 65 on February 22, 2020, your NRD is July 1, 2020.

The following benefits will end once you reach your NRD:

  • Basic Life, Optional, and Dependent Life insurance;
  • Accidental Death and Dismemberment insurance[1];
  • Long Term Disability; and,
  • Critical Illness benefit.

An employer-paid Life Insurance of $15,000 continues if you remain a Full-Time Faculty Member beyond your NRD.

Converting your benefits

You can convert some of the benefits that end or change at your NRD to a policy you pay for.

Life insurance plans can be converted to a private policy with Manulife Insurance within 31 days of your NRD. The application form with the applicable rates is available on the Human Resources website.

Accidental Death and Dismemberment insurance can be converted to a private policy with Sun Life Financial within 60 days of your NRD.  Further information can be found on the Human Resources website.

Changes to your benefits after age 69

Your benefits will change to the Retired Group Benefit Plan if you continue to hold a Full-Time Appointment past the end of the year in which you turn 69.

Retired Group Benefit Plan

If you continue to hold a Full-Time Appointment past the end of the year in which you turn 69, you flex credits must be allocated to the Professional Expense Reimbursement (PER) account.  The Health Care Spending Account (HCSA) as well as the Wellness Spending Account (WSA) will end when your benefits change to the Retired Group Benefit plan.

Under the Retired Group Benefit Plan, the emergency travel assistance is limited to $200,000 per person, per 60-day trip duration.

The Employer paid Life Insurance benefit of $15,000 is converted to a Retirement Death benefit with the same value.  
Remember that once your benefits change to the Retired Group Benefit Plan, you will not receive any improvements obtained during the collective bargaining process.

Emergency travel medical insurance provided by UWOFA

Full-Time UWOFA Members receive additional emergency travel medical insurance beyond the $200,000 limit provided by Manulife. This benefit terminates when you turn 70.

Learn more about UWOFA’s additional Emergency Travel Medical Insurance coverage.

Resources

The benefit section on the Human Resources website contains valuable information. You can also review pages 41-43 of the Faculty Benefit Booklet or the Retired Group Benefit Booklet for further information.

Questions?

For questions about your benefits, please contact Lina Rodriguez, UWOFA’s Member Services Officer, at uwofamso [at] uwo [dot] ca or extension 86218.

You can also contact Human Resources at hrhelp [at] uwo [dot] ca or extension 82194.

CA references

Compensation and Benefits
43. Until the end of the year in which they turn 69, Members who continue to hold a Full-Time appointment beyond their NRD are entitled to the same Benefits coverage as Full-Time Members who have not reached their NRD.

43.1 Notwithstanding the provisions of Clause 43 of this Article, Long Term Disability benefits and coverage end at a Member’s NRD.

43.2 Notwithstanding the provisions of Clause 43 of this Article, Basic, Optional, and Dependent Life Insurance benefits, as well as Accidental Death and Dismemberment Insurance benefits, shall end at a Member’s NRD. Employer-paid life insurance, with a value of $15,000, shall be provided to Members who continue to hold a Full-Time appointment beyond their NRD.

43.3 A Member who continues to hold a Full-Time appointment past the end of the year in which he or she turns 69 shall be entitled to all the Benefits provided by The University of Western Ontario Retired Group Benefit Plan.

Retirement and Resignation
2.1 A Member’s Normal Retirement Date is deemed to be the July 1 that coincides with or immediately follows the Member’s sixty-fifth birthday.

 

[1] Accidental Death and Dismemberment insurance is also called Voluntary Personal Accident insurance.