Update on the wind-up of the Simcoe County District School Board Insurance Trust
 

October 5, 2010

In March 2010 OPSEU received a cheque for $2.2 million in respect of the wind-up of the Simcoe County District School Board Insurance Trust. These monies have been deposited in a trust account overseen by OPSEU.  In keeping with OPSEU's long standing intention of returning these monies to the members, OPSEU has retained national benefits consulting firm Morneau Sobeco and class-action settlement administrator NPT Ricepoint.

Morneau Sobeco will obtain member-specific data from Sunlife and will develop an objective methodology to determine eligibility for payment. NPT Ricepoint is the administrator who will administer a claims process and determine individual entitlements based on claims made and verified by the Sunlife data.  OPSEU will be seeking judicial approval of these processes through a court application sometime in the new year.

For more information, please send an email to simcoewindup@opseu.org