Year in review
On behalf of the Trustees of the CUPE Education Workers’ Benefits Trust (CUPE EWBT), we would like to take this opportunity to share some preliminary financial information with the CUPE EWBT members. This update provides a summary of the Trust’s financial status as of December 31, 2018 and other important developments.
The CUPE EWBT was established on February 28, 2018 and came into effect on March 1, 2018, following an agreement between OSBCU/CUPE, four school board/trustee associations (OPSBA, OCSTA, ACÉPO, AFOCSC) and the Crown (collectively, the “Parties”). The Trust was the culmination of years of hard work and preparation, starting well before the transition date.
The CUPE EWBT was set up to provide medical, dental, life and accidental death and dismemberment (AD&D) benefits to eligible CUPE members and their dependents. Retired CUPE workers are currently covered under different arrangements. Overall, the CUPE EWBT covers more than 47,000 members (active and on leave), plus their dependents.