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April 9, 2015

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HSPBA, HEABC ratify trust agreement for administering health and welfare benefits

BURNABY—Further to our March 30 update on the Joint Health Science Benefits Trust (JHSBT), we are pleased to announce that the Health Science Professionals Bargaining Association (HSPBA) and Health Employers’ Association (HEABC) have ratified the trust agreement that formally establishes the Trust.

The trust agreement is the legal document that establishes the terms and conditions of the Trust and outlines the authorities and responsibilities of the parties to the Trust—HSPBA and HEABC—and the authorities and responsibilities of the trustees to be appointed to the Trust.

Details of the agreement are contained in the HSPBA joint announcement released today. HEABC also issued a release on the agreement today.

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