Long Term Disability Rebate to Eligible Employees
Acadia's LTD claims were not as high as what was expected therefore a surplus has accumulated with Manulife.
Faculty/Staff paying premiums for group insurances as at August 31, 2016, will receive a ltd surplus refund of $205.33!
$205.33 Taxable (coded as BREX on your pay advice)
- Faculty will see this refund on the pay period ending March 31, 2017.
- Bi weekly paid employees will see this refund on the pay period ending March 25, 2017 and deposited March 30, 2017.
Did you know that since 2004 eligible employees have received over $2,000.00 in benefit surplus refunds?