ATTENTION ALL SALARIED PENSIONERS
THE FOLLOWING IS AN URGENT MESSAGE FROM THE SSPO BOARD REGARDING THE TEMPORARY SUSPENSION OF HEALTH BENEFITS
On October 9, 2015, U. S. Steel Canada was granted approval by the Ontario Superior Court of Justice, The Honorable Mr. Justice Wilton-Siegel presiding, to invoke an immediate “temporary” suspension of Health Benefits for all USSC Pensioners.
Prior to the ruling, Representative Counsel negotiated with USSC for two concessions: (1) that USSC continue to pay retiree life insurance premiums so that life insurance remains in place, since these benefits could not be reinstated if the group life insurance policy lapses; and (2) that the suspension of all other benefits is a temporary suspension, subject to further order of the Court, and is not to be construed as a termination.
Please be assured your regular pension payments will not change and you will continue to receive your monthly pension amount as per normal (excludes supplementary pension payments to beneficiaries pursuant to the unfunded individual retirement benefit contracts and individual retiring allowances….these have been temporarily suspended).
Your Group Life Insurance remains in effect.
Your Representatives, Representative Council, and the SSPO Board are exploring options for Pensioners to acquire alternate Health Benefits Insurance during the suspension period, and will report back to you as soon as possible.
One option that may be available is provided through the Canadian Association of Retired Persons ("CARP"). To view their medical benefit options for retirees, please click this link.
Another option may be available through Green Shield Canada. To view their medical benefit options please click here.
Also on October 9, 2015, following the release of the CCAA Judge's decision, the Government of Ontario announced financial assistance for USSC retirees due to the suspension of their health benefits by USSC. To view the Government's announcement, please click here. We will report further on the Government's assistance program shortly.
Click here to visit the Koskie Minsky web site for further detailed backgrounder information with respect to the USSC CCAA proceedings.
SSPO Board of Directors