Salary Indemnity Fund
VSTA SIF Fees Permanently Waived
As a result of motions passed at the 2017 VSTA AGM the Fund is a closed fund with membership restricted to the active members of the fund on May 16, 2017. They will remain members until they retire, terminate employment or the VSTA-SIF is exhausted of funds. No annual fees are required as fees have been permanently waived.
Benefits: the Fund pays a daily benefit of 15% of the member’s daily salary on the last day of paid sick leave for a maximum of 45 days (effective September 1, 2018). As passed at the 2019 VSTA AGM, effective August 1, 2019, the benefit will be paid for a maximum of 60 days after the expiration of paid sick leave.
To ascertain if you are a member of the Fund or for any other questions please contact Kim at the VSTA office directly at email@example.com.
What is it?
As a member of the VSTA-SIF, after depletion of your sick leave, you may be eligible to a top-up payment of your BCTF salary indemnity which would then equal 65% of your gross salary.