Who is responsible for operation of the OSSTF ELHT?

May 1, 2024

The Board of Trustees assumed responsibility for the operation of the OSSTF ELHT in October 2016, just prior to when the first group of members began transitioning into the provincial plan. The Executive Director and Trustees were hired and appointed to the Board because they have expertise in a variety of areas including benefits, finance, governance and investments. The Trustees understand the profound responsibility they have to operate the Trust and administer the plan in the best interests of members.

• Meet our OSSTF Benefits Trustees and Staff Members

Your OSSTF ELHT Board of Trustees consists of nine voting members, who are responsible for operating the OSSTF Benefits Plan and ensuring its financial sustainability. Five members of the Board of Trustees are appointed by OSSTF, and the remaining four are appointed by the Ontario Public School Boards’ Association (OPSBA) and the Crown. The OSSTF ELHT Trustees are responsible for the operations of the Trust including but not limited to:

• Adoption of the initial benefit plan design, regular review of the plans and any
  amendments to the benefit plans;
• Selection of auditors and actuaries and any other professionals required to allow the
  trustees to carry out their duties;
• Validation of the plan design sustainability; and
• Adhering to the funding policy including setting and revising Employee Contribution rates or premium requirements and deductibles with respect to the Investment Policy.

The OSSTF Employee Life and health Trust Agreement outlines the roles and responsibilities related to the OSSTF ELHT. A copy can be found on the OSSTF benefits website under “Our Governance”.

• • Learn more about our governance structure

 

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The information in this document is provided by OSSTF Benefits for general information only. OSSTF Benefits endeavours to have all information current and accurate. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the information included. All information is subject to change without notice.

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