Further to our last correspondence, the Board has reviewed the implications of the expected MSP increases and decided that it is in the best interests of the membership to proceed with the vote as outlined in previous memos. For reference, the memos are available via these links (Memo 1, Memo 2) and the FAQ list generated from Member’s questions is available here (FAQ’s).
Points worthy of attention:
- In the Memo 1, how each option affects certain members is noted below each description.
- There will be slight changes to the dollar values originally stated under Option 1 due to the 6% increase in premiums.
- The MSP reduction in premiums is a taxable benefit; whereas, the $175 in a Health Spending Account is a non-taxable benefit.
The fund balance is monitored on an ongoing basis and, depending on how it fluctuates, membership may be asked to decide future action by voting again in other years.
This vote will run simultaneously with the Board elections which will run from Oct 14 – Oct 26/09. The vote link will be sent with tomorrow’s AGM Notice.
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Associaton of Administrative and Professional Staff (AAPS)
University of British Columbia
Gerald McGavin Building
Rm 312, 2386 East Mall
Campus Mail Zone 3
Ph 822-9025 Fx 822-4699
www.aaps.ubc.ca
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