window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-78Z26S4EGQ');

Renewal of the OSSTF Benefits Plan

To: OSSTF Members Participating in the OSSTF Benefits Plan

From: Donna Morrison, Executive Director

August 30, 2019

The OSSTF Benefits Plan renews effective September 1 of each year. September 1, 2019 is the second renewal of our plan.

This communication is to advise that member contributions towards the OSSTF Benefits Plan are not increasing effective September 1, 2019, however it may be necessary to increase the rates and member contributions towards the benefits and/or to implement cost containment strategies into the plan prior to, or at next renewal.

Changes for OSSTF Benefits Plan Members effective September 1, 2019

The following renewal action has been approved by the OSSTF Benefits Board of Trustees effective September 1, 2019.

  • A reduction of 20% to the Basic Life Insurance rate and a reduction of 14.3% to the Basic AD&D (Accidental Death and Dismemberment) rate. For active members, the basic life insurance and AD&D premium is funded through the negotiated FTE funding so this will not have an impact on member contributions, although it will result in a slight decrease to the T4As issued annually for the taxable life insurance and AD&D premium.
  • No change to the current member paid Optional Life rates and a reduction of 14.3% to the member paid Optional AD&D rates. This will result in a slight decrease to the level of monthly premiums for members who are participating in the Optional Life and Optional AD&D benefits.
  • No change to the rates for the health and dental premium rates. This will result in no change to the member contributions for both active members and those on leave who are participating in the health and dental benefits.

It is important to note that based on future claiming patterns and the outcome of negotiations, it may be necessary to increase the rates and member contributions towards the benefits and/or to implement cost containment strategies into the plan prior to, or at next renewal.

If you have any questions please contact Donna Morrison, Executive Director at OSSTF Benefits.
donna.morrison@osstfbenefits.ca.

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.

Back to News

OSSTF Benefits Website Disclaimer

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.