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Renewal of the OSSTF Benefits Plan

September 3, 2018

September 1 was the first financial renewal of the OSSTF Benefits Plan. Future renewals are scheduled for each September 1st going forward; however, rate and/or plan design changes can be implemented at any time throughout the benefit year, in order to sustain the plan over the long term.

The Trustees of the OSSTF ELHT have been working with OTIP (the Third-Party Administrator), Manulife (the provider of the life insurance, health and dental benefits) and Teachers Life (the provider of the Accidental Death and Dismemberment Benefits) to set the benefit rates as of September 1, 2018.

The Trustees approved the following changes at time of renewal:

  • A reduction of 10% to the Basic Life Insurance Rate. For active members, the life insurance premium is funded through the negotiated FTE funding—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 premium.
  • The rates for all other benefits, (i.e. the Basic Accidental Death and Dismemberment), Optional Life, Optional Accidental Death and Dismemberment, and Health and Dental) will be unchanged through this renewal. There will be no change to member contributions towards these benefits for both active members and those on leave who are participating in the plan.

As the plan matures, the OSSTF ELHT will be better able to assess claim patterns. The current claims experience of the OSSTF ELHT for health and dental benefits reflects higher than anticipated claiming patterns by members. If these high claiming patterns continue, 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.

The OSSTF ELHT was negotiated for OSSTF members. It provides a full and comprehensive benefits program to cover the health needs of members and their dependents. The long-term sustainability of the plan is one of the OSSTF ELHT’s major priorities so it is important that members are aware of these potential future challenges.

If you have any questions please contact Donna Morrison, Executive Director at 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.


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