To: All Eligible OSSTF Education Workers
From: Donna Morrison, Executive Director
August 25, 2020
The Trustees of the OSSTF Employee Life and Health Trust (ELHT) are pleased to announce the implementation of a one-time only $1,000 credit to a Health Spending Account (HSA) for all eligible OSSTF Education Workers.
Eligibility is based on the member being a permanent OSSTF Education Worker as of the date that (1) the OSSTF Central Agreement for Education Workers was ratified, May 22, 2020, and (2) the HSA will be implemented, September 1, 2020. Eligibility ceases when a member retires.
Here are some highlights of the HSA:
Although it was the intent that there be no expiration of the $1,000 HSA credit for eligible members, through further investigation it has been determined that in order to comply with applicable Canada Revenue Agency guidelines, there must be a time limitation on the use of the HSA funding. Funds therefore must be utilized on or before August 31, 2022 by eligible members and/or their dependents.
In the coming weeks, eligible members will receive more information about the HSA, Blendable and how to register.
If you have any questions, please contact Donna Morrison, Executive Director at OSSTF Benefits, at firstname.lastname@example.org.
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.
The information contained in this website is for general information purposes only. The information is provided by OSSTF Benefits and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. All information on this website is subject to change without notice.