Co-operators Life Insurance Company at Greater Victoria School District No. 61

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This document outlines the Deferred Compensation Leave Plan (DSLP) for teachers with continuing contracts, allowing them to defer a portion of their salary for an extended leave of absence. It details the plan's main points, including contribution percentages (10% to 33 1/3%), maximum deferral and leave periods (up to 4 years deferral, 6 years plan completion, 6 months minimum leave), and conditions for returning to employment and maintaining benefits. The document also includes an application form for enrollment and a tax residence declaration administered by Co-operators.

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This Letter of Understanding between The Board of Education of School District no. 61 (Greater Victoria) and The Greater Victoria Teachers' Association outlines the procedure for resolving 211,187.17 minutes of unused remedy for class size and composition violations from the 2024-2025 school year. The agreement details the conversion of these minutes into teacher FTE and their allocation to various elementary, middle, and secondary schools. The agreement is effective for remedies from the 2024-2025 school year and concludes on June 30, 2026, with FTE allocations starting as of June 30, 2025 and further prorations on December 1, 2025, and February 1, 2026.

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This document outlines the GVTA Deferred Compensation Leave Plan (DSLP), enabling teachers to defer a portion of their salary (10% to 33 1/3%) over up to four years to fund an extended leave of absence. The plan, which is detailed in an Addendum to the Local Collective Agreement, requires a minimum leave of six months and mandates return to employment for at least the leave's duration. Applications are due by March 31st, with the plan commencing September 1st, and participants have a maximum of six years to complete the plan. It also includes an application form and a tax residency declaration form by Co-operators, the plan administrator.

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The City of Aurora is renewing its employee Life, Accidental Death & Dismemberment (AD&D), and Long-Term Disability (LTD) coverage with Lincoln Life Insurance Company. The renewal, authorized by Ordinance 2024-141, is for a two-year period, effective January 1, 2025, through December 31, 2026. The annual cost for this coverage will not exceed $37,969, which is a 6.2% increase over the previous contract, offering enhanced life coverage.