Ontario Health Association demutualization update | National Union of Public and General Employees

Ontario Health Association demutualization update

Agreement to distribute $22.5 million in proceeds arising from the demutualization of certain insurance policies.

Toronto (18 Aug. 2010) - The Ontario Hospital Association (OHA) and representatives of the unionized and non-unionized employees of it members have entered into a settlement agreement to distribute $22.5 million in proceeds arising from the demutualization of certain insurance policies that Mutual Life had issued to the OHA.

The unions involved include the Ontario Public Service Employees Union (OPSEU/NUPGE). The OHA represents more than 150 public hospitals across Ontario.

Justice Perell of the Ontario Superior Court of Justice has certified an application as a class proceeding and approved the terms of settlement.

To view the court-ordered Notice of Certification and Settlement, please visit the link below. A copy of the judgment and written reasons for the decision will be posted on the OPSEU website when it becomes available.

NUPGE

The National Union of Public and General Employees (NUPGE) is one of Canada's largest labour organizations with over 340,000 members. Our mission is to improve the lives of working families and to build a stronger Canada by ensuring our common wealth is used for the common good. NUPGE

More information:
OPSEU seeks to distribute $22 million in proceeds

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