Schedule 10F - Employee Benefits

This schedule provides a detailed breakdown of the benefit expenses reported on Schedule 10 by benefit type. The total employee benefits expenses on Schedule 10F (item 90, column 13) should be equal to the total employee benefits expenses reported on Schedule 10 (item 90, column 03). This is enforced through error message Error_SC10F_1.

Statutory employee benefits include EI, CPP, Employer Health Tax, etc. for current employees.

To differentiate between the benefit costs for the plans administered by the school boards and the payments made to the benefit trusts, there are two columns for reporting retiree expenses for Health, Dental, Life etc. and two columns for reporting current employee expenses for Health, Dental, Life etc.:

• In column 2, report retiree expenses associated with a school board administered benefit plan.
• In column 2.1, report retiree expenses associated with payments to a benefits trust.
• In column 11, report current employee expenses associated with a school board administered benefit plan.
• In column 11.1, report current employee expenses associated with payments to a benefits trust.

Other Employee Benefits in column 12 include benefit expenses not recorded elsewhere strictly for current employees.

Please refer to PSA Handbook Sections 3250 and 3255 for definitions of various terms related to this schedule.

Comparison with Schedule 10G-1 in Financial Statements

Some of the benefits expense columns may equal the current year benefit expenses reported on Schedule 10G-1 in the Financial Statements cycle, column 2, under the respective benefit category. Such benefits include:

• Retirement Gratuity Plans and Early Retirement Incentive Plans (ERIP)
• Retirement, Health, Dental, Life etc. - School Board Plans and Benefits Trust Plans
• Compensated Absences
• Long-Term Disability Plans
• Workers Compensation Benefits
• Termination Benefits
• OPSEU Pension Plans
• Other Pension Plans

There are warning messages (Warning_SC10F_2 to Warning_SC10F_9) to ensure that expense amounts for each of the above categories tie back from one schedule to the other.

It is generally expected that the employee future benefits recorded in column 2 of Schedule 10G match those reported on line 90 in Scheduule 10F for the corresponding category. For example, the compensated absences expense reported on Schedule 10G, item 3, column 02, should match the compensated absences expense reported on Schedule 10F, item 90, column 3. If there are differences, the board would true up the liability to what is shown on Schedule 10G by journaling the expense. Then as payments are made against the liability, the liability would be reduced. There are potentially two exceptions where the expense reported in Schedule 10F does not agree with the amount reported in Schedule 10G.

• One possible reason that there may be a difference that does not require a journal entry relates to Workers Compensation Benefits through the Workplace Safety and Insurance Board (WSIB). Schedule 1 WSIB employers operate under the collective liability insurance principal (fully insured with WSIB responsible for claims) while Schedule 2 WSIB employers are self-insured (individually responsible for the full cost of claims filed by their workers). Because a Schedule 1 WSIB employer is fully insured while a Schedule 2 employer is self-insured, only self-insured workers compensation plans are required to be included on Schedule 10G. As per PS 3255, these plans result in a school board having a future obligation to continue to pay benefits while an employee is off on a claim, which means these boards need to carry a future liability, and the expense reported in Schedule 10F should match the amount reported in Schedule 10G. By contrast, a fully insured workers compensation plan would not be required to be included under PS 3255 and would therefore be excluded from Schedule 10G.

• Another possible reason relates to long term disability (LTD). Only self-insured LTD plans are required to be included on Schedule 10G. As per PS3250/3255, these plans result in a board having a future obligation to continue to pay benefits while an employee is on disability and the expense reported in Schedule 10G should match the amount reported in Schedule 10F. By contrast, a fully insured LTD benefit plan with premium waived while on disability would not be required to be included under PS3250/3255 and would only need to report annual premium as expense in Schedule 10F, and are not required to report a future liability amount in Schedule 10G.