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You may use the Credits to purchase up to 3 Personal Well-being Days (whole days only), or you may elect to direct some or all of the Credits provided to your
Health Spending Account (HSA), Charitable Giving (for select team members) or Student Loans.
If you elect Personal Well-being Days (PW Days), the time off is paid at your base rate when you take the day off, with the usual deductions. PW Days must
be used in the year in which they are granted. Any unsused PW Days are forfeited at year end or on the day your employment ends.
Health Spending Account (HSA) - If you choose to allocate funds to your HSA, the amount shown here will not be reflected on the Benefits Dollars,
Enrollment Summary or Confirmation Statement later on in this enrollment. These HSA funds will be provided directly to Sun Life and will be available to you in
the new plan year.
Charitable Giving - This option is open to select team members. You can use your Credits to donate to the TELUS Friendly Future Foundation. The funds
allocated will be added as earnings to your pay advice and subject to taxes. You will also see a deduction for the amount that will be donated to the TELUS
Friendly Future Foundation (approximately 70% of the amount allocated less taxes). The donation will be shown on your T4.
Student Loans - If you wish to allocate Credits to your Student Loan, please send a copy of your current Student Loan Statement showing the amount
outstanding to Payroll@telus.com for processing. If the Payroll team does not receive your loan statement by the end of the benefit year in which you earn your
Credits, you will forfeit the payment. When the funds are processed, it will be added as earnings to your pay advice and subject to taxes.
Please refer to your benefits manual, found in the Info drop-down at the top of this page, for more information.
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