This report presents the results of the annual actuarial valuation of benefit liabilities and costs of the State Income Continuation Insurance Plan as of December 31, 2007.
A tool for an employer to confirm information was presented to a new employee, due dates identified and appropriate information and forms supplied for all ETF-administered benefits offered by the employer.
The Group Insurance Board has approved changes to the Income Continuation Insurance (ICI) Program that will expand coverage to employees aged 70 and over. This change will go into effect May 1, 2023.
The GIB has approved changes to the ICI Program that will consolidate the separate standard and supplemental coverage levels into a single coverage level in February 2024.
Based on the improved financial position and strong investment results, the ICI premium rates for 2022 will decrease by 50%. See the premium rate charts in the ICI employer section of the ETF website.
Effective February 1, 2024, the ICI Program will consolidate its standard and supplemental coverage levels into a single level of coverage for earnings up to $120,000.