OPSEU Joint Trusteed Benefit Fund (OJTBF) seeking trustees
Publication DateMonday, November 16, 2015 (All day)
The OPSEU Joint Trusteed Benefit Fund (OJTBF) is seeking OPSEU members who are also plan members of the OJTBF to join our Board of Trustees as a Union Trustee. Please also feel free to suggest any suitable employer Trustee you believe may be a good candidate.
Since we opened our doors back in 1996, we believed all of our plan members deserve access to the best benefits. That belief is still what drives us today. OPSEU sponsored the OJTBF as a means to ensure members had access to a trustworthy Group insurance provider capable of delivering long-term affordable benefits. As a not for profit Benefits Trust, the OJTBF provides group benefit solutions to not for profit organizations working to make their communities, the environment, and the world, a better place.
We use a pooled approach to underwriting our plans – essentially we ‘pool’ the resources of all our participating organizations together so that collectively we are one large buying group. Our size allows our members to secure significant discounts and flexibility from our insurer – discounts that are typically only available to larger organizations. Simply put, our model provides large group pricing and service to small and mid-sized organizations. Being not for profit ourselves ensures that the maximum amount of paid premium dollars goes towards offsetting paid claims, while minimizing the amount allocated to insurer and broker administrative expenses.
We are looking for people who want to contribute to the success of an organization that really does care about the lives and families of all its members. As a Union Trustee, you will work alongside employer representatives on the Board to address organizational realities in a proactive and constructive joint effort.
Trustees play a crucial role in the oversight and growth of the OJTBF, and provide valuable input into assisting the organization meet its goals. The Trust structure, with an equal number of union and employer Trustees, recognizes the interdependence of union members and employers in delivering quality benefits as effectively and efficiently as possible.
The OJTBF maintains a pool of OPSEU and Employer Trustee candidates from which Trustees are selected. Trustees will be selected by the Plan Sponsor, in a manner that seeks broad representation within our client base. Trustees are appointed for a two year term.
Who Should Apply?
- A desire to serve in a manner that supports the broad interests of the OJTBF's mission;
- A commitment of time (in addition to a minimum of four Trustee meetings per year, additional time for committee meetings and work, along with preparation time);
- An interest in benefits and some fundamental knowledge of the benefits marketplace or a willingness to learn (supported by materials from the OJTBF);
- An understanding of OPSEU's beliefs and policies;
- A demonstrated ability to read, research and formulate positions clearly and to work in a cooperative "joint" environment;
- An ability to articulate positions at caucus, committee and full Board of Trustees meetings.
Interviews with candidates will be conducted by a committee of the Board of Trustees before final names are submitted to the Plan Sponsor for consideration.
Please become a Trustee candidate by submitting a letter of interest and your resume (including two references) by December 1, 2015 to:
121-6 Lansing Square
Toronto ON M2J 1T5