Qualified individuals could claim up to $100 in class settlement

If you worked at an eligible hospital or health care provider in 1997 and paid LTD premiums, you may be eligible to receive up to $100 as part of a demutualization settlement – however you must act by Monday, October 18th.

Demutualization is a process by which a customer-owned mutual organization or co-operative changes legal form to a joint stock company. As part of that process, the customers involved are eligible for a payout as they relinquish that ownership.

The Ontario Hospital Association (OHA) is holding $22.5 million in demutualization proceeds in trust related to LTD premiums paid into the OHA plan before December 29, 1997. OPSEU participated with several other health care unions to obtain this settlement.

For those that continue to work for the same employer, you will receive your benefit in the form of a premium holiday on your LTD coverage. You do not need to do anything.

For those who may have changed employers, retired, presently work for an employer that pays 100 per cent of LTD premiums, or who may have been affected by amalgamation into a larger hospital system, you may be eligible to receive a cheque for as much as $100. You may also claim on behalf of a deceased member of the plan.

A list of eligible workplaces is available on-line. See:
http://www.opseu.org/benefit/OHA2010/Schedule%20A%20-%20Participating%20Organizations%20(Reproduced)%20(C0131292).pdf

If you are unsure, it is recommended that you still apply by the October 18 deadline.

For more information, go to:
http://www.opseu.org/benefit/oha-ltd-deadline-2010.htm

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