Wellness Account
By now I am sure that most of the Faulty have had the opportunity to review the “new” Taxable Spending Account (TSA) rolled out through Employee Services and introduced by Wayne King, CFO, and Senior Vice President. The Wellness Account was an initiative fostered by SAIT’s President Dr. David Ross. The Wellness Account does not supersede the existing Health Care Spending Account (HCSA). However, the facility now has the opportunity to choose one or the other Accounts that are most suitable for their personal and or family needs. Although the Wellness Account is Taxable, the advantage is that it does offer a wider selection of choices that are different from those offered through the HCSA.
SAFA was invited to review the Wellness Accounts before its announcement to faculty. SAFA find no concerns with the Account and believe it is a valuable and worthwhile option for faculty members. A “Letter of Understanding” has been provided to the SAFA Office outlining the intent and implementation of the Taxable Spending Account and most importantly the removal of Sub-section 29.04 (d), from Section 29 of the present Collective Agreement.
Employee Service will be conducting Town Hall meetings and Lunch Time information sessions to answer all questions Faculty have regarding the TSA (Wellness Account). Information will be also be provided through SAIT NOW. Specific questions regarding the TSA should be directed to Employee Services.
President, SAFA Faculty Association
James McWilliams.