• Monthly premiums are calculated by multiplying the number of hours an employee
   worked a month by the hourly rate of $0.88.
• the total of all your employees hours  is submitted by the 15th of the month
   following the month you are reporting.  For example, you send your premium for
   March hours by April 15th
• for an employee working 160 hours in a month, the total premium submitted for that
   employee would be $141.00.  For an employee working 200 hours in a month, their premium
   would be $176.00
• employees working in excess of 150 hours per month have the extra hours deposited
   into their benefit account to be withdrawn during seasonal layoffs, apprentice training etc.
• any month an employee has not worked 150 hours, the necessary hours are withdrawn
   from his Hour Bank Account to make up the shortfall.  For any month where there are no Banked
   Hours the employee has the option of  paying for the needed hours at $0.88 per hour  
       

For further information on enrollment and to order your enrollment kit please contact us or send the following form

Why this Plan Plan Design Things You Need to Know How to Apply

        Bruce A Hollett & Associates
401-1630 Pandosy Street
Kelowna  BC V1Y 1P7
voice 250-861-1006 or 1-866-861-1006  fax 250-861-6177, e-mail questions@telus.net