To: ONE-T CAEAS-ECAB Plan Members
It is the duty of the ONE-T Trustees to put members first, which includes continuously monitoring your benefits plan to ensure it remains affordable and sustainable. Over the past two years the Trust has conducted a number of surveys to help better understand your benefits needs. Time has also been spent on cost and benefits benchmarking to gain knowledge about similar plans, the benefits and coverage levels they provide, as well as the costs to operate them.
The Trust is always looking to improve your benefits when financially viable and aligned with provincial agreements. Your survey feedback has been reviewed, projected financials have been assessed, and discussions with CAEAS-ECAB representatives have taken place. Now here’s some exciting news…
The most recent plan valuation, when combined with recent funding increases from the Crown for 2021-22 and 2022-23, allows the Trust to fund additional coverage.
Starting June 1, 2022 for some benefit improvements and subsequently on September 1, 2022 for others, several plan changes will come into effect: