To: ONE-T Principal and Vice-Principal 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 us 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 P/VP representatives have taken place. Now here’s some exciting news…
The most recent plan valuation, when combined with the negotiated funding in the September 1, 2020 to August 31, 2023 P/VP Provincial Terms and Conditions, allow the Trust to restore some benefits that had previously been scaled back in the Fall of 2020 and to provide members with access to new mental health services benefits.
Starting June 1, 2022, for some benefit restorations and improvements and subsequently on September 1, 2022 for others, several plan changes will come into effect: