In July, we advised you that ONE-T was considering sharing a portion of Health and Dental premium costs with P/VP Members, but we deferred the decision until after Provincial negotiations were completed. With benefit costs rising faster than the funding provided by the Province, this is an important measure to help ensure the sustainability of your Benefits Plan.

Provincial negotiations are now complete, and we have reviewed the details of the final P/VP Agreement, which outlines how much funding is available for your benefits. Based on this information and our actuarial reports that provide multi-year forecasts of the financial position of the P/VP Plan, we have decided that we need to proceed with the introduction of Member premium contributions effective March 1, 2025. This was a difficult decision for Trustees to make but it is necessary.