{"id":26747,"date":"2025-07-07T09:35:17","date_gmt":"2025-07-07T13:35:17","guid":{"rendered":"https:\/\/carleton.ca\/hr\/?p=26747"},"modified":"2025-07-07T09:35:18","modified_gmt":"2025-07-07T13:35:18","slug":"benefits-plan-update","status":"publish","type":"post","link":"https:\/\/carleton.ca\/hr\/2025\/benefits-plan-update\/","title":{"rendered":"Benefits Plan Update"},"content":{"rendered":"\n<section class=\"w-screen px-6 cu-section cu-section--white ml-offset-center md:px-8 lg:px-14\">\n    <div class=\"space-y-6 cu-max-w-child-5xl  md:space-y-10 cu-prose-first-last\">\n\n            <div class=\"cu-textmedia flex flex-col lg:flex-row mx-auto gap-6 md:gap-10 my-6 md:my-12 first:mt-0 max-w-5xl\">\n        <div class=\"justify-start cu-textmedia-content cu-prose-first-last\" style=\"flex: 0 0 100%;\">\n            <header class=\"font-light prose-xl cu-pageheader md:prose-2xl cu-component-updated cu-prose-first-last\">\n                                    <h1 class=\"cu-prose-first-last font-semibold !mt-2 mb-4 md:mb-6 relative after:absolute after:h-px after:bottom-0 after:bg-cu-red after:left-px text-3xl md:text-4xl lg:text-5xl lg:leading-[3.5rem] pb-5 after:w-10 text-cu-black-700 not-prose\">\n                        Benefits Plan Update\n                    <\/h1>\n                \n                                \n                            <\/header>\n\n                    <\/div>\n\n            <\/div>\n\n    <\/div>\n<\/section>\n\n\n\n<p>Carleton University provides a comprehensive employee benefits program. An important part of managing the benefits program is the annual renewal of contracts with our insurance carriers to negotiate the best rates possible.<\/p>\n\n\n\n<p>Carleton participates in the University Life Insurance Plan (ULIP). &nbsp;ULIP is a joint initiative among multiple Ontario universities to achieve economies of scale for basic life insurance. The overall objectives of ULIP are the following:<\/p>\n\n\n\n<p>\u2022 To achieve economies of scale through bulk purchasing,<\/p>\n\n\n\n<p>\u2022 To preserve each university\u2019s individual autonomy with respect to plan design,<\/p>\n\n\n\n<p>\u2022 To offer competitive premiums over the long term, and<\/p>\n\n\n\n<p>\u2022 To establish rate stability by combining the experience of all universities into one policy.<\/p>\n\n\n\n<p>This allows ULIP to leverage from the overall size of the group resulting in lower premiums<strong>.<\/strong><\/p>\n\n\n\n<p><strong>At our recent renewal this year we were happy to receive a 10% reduction from last year\u2019s rate.&nbsp; In addition, we are pleased to share that we will be implementing an 8 month basic life insurance premium holiday commencing with the first pay of July 2025 as a result of the positive performance of the plan.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carleton University provides a comprehensive employee benefits program. An important part of managing the benefits program is the annual renewal of contracts with our insurance carriers to negotiate the best rates possible. Carleton participates in the University Life Insurance Plan (ULIP). &nbsp;ULIP is a joint initiative among multiple Ontario universities to achieve economies of scale [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[9,6,10],"tags":[],"class_list":["post-26747","post","type-post","status-publish","format-standard","hentry","category-benefits-for-employees","category-for-employees","category-news"],"acf":{"cu_post_thumbnail":"announcement"},"_links":{"self":[{"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/posts\/26747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/comments?post=26747"}],"version-history":[{"count":1,"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/posts\/26747\/revisions"}],"predecessor-version":[{"id":26748,"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/posts\/26747\/revisions\/26748"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/media?parent=26747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/categories?post=26747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carleton.ca\/hr\/wp-json\/wp\/v2\/tags?post=26747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}