U.S. Steel Canada Inc. (formerly Stelco) – December 23, 2015
December 23, 2015
On December 17, 2015, the Ontario government announced further details regarding the Ontario $3 million Transition Fund established by the province to assist former salaried and unionized employees of USSC. The Transition Fund is expected to be available as of January 1, 2016 and will consist of two parts:
- Drug Benefit Coverage (Tranche 1) – up to $2.5 million will be available to pay for prescription medication costs, limited to a maximum 30 day supply of each prescription drug; Applicants will be able to submit claims for prescriptions directly to Green Shield following the same process used under the Suspended USSC OPEB Plan.
- Emergency Coverage (Tranche 2) – up to $500,000 for urgently required dental and other health services. To apply for these funds please complete the following application forms:
Applicants for Emergency Coverage (Tranche 2) must complete both the Tranche 2 Application Form and one of the Green Shield Claim Forms (depending on what type of benefit coverage is being sought).
Please send the forms to the Monitor, Ernst & Young Inc., at the address provided on the Tranche 2 Application Form or Koskie Minsky LLP and we will forward it for you.
Please note that drug benefit coverage and emergency coverage will only be available until the amounts allocated to each portion are available. As a result, if you have an urgent medical need please ensure you apply for funds, even if your appointment hasn’t occurred yet.
Further details regarding the Transition Fund are available in the Transition Fund Memo by clicking here and the Transition Fund Letter by clicking here.
The court approved the Transition Fund on December 23, 2015. A copy of the court order is available here..
Information regarding the Transition Fund will also be sent to affected members by mail shortly.
To view a copy of the Statement by Finance Minister Charles Sousa please click here.
If you require any help in filling out the forms or have any other questions please contact us at 1-866-777-6341 or usscrepcounsel@kmlaw.ca.
