The Joint Community Benefits Trust (JCBT) is an Employee Life & Health Trust (ELHT) that was established April 1, 2017 to provide employee benefits to members of the Community Bargaining Association of BC and their dependents. The JCBT is established based on a Trust Agreement. The JCBT is governed by a Board of Trustees with equal representation by unions and employers participating in the JCBT. The Trustees have a fiduciary responsibility to act for the benefit of the JCBT and its beneficiaries. The Trustees administer the JCBT Plan which provides the benefits listed below. The trust receives negotiated funding from employers and some contributions from the plan members, which it holds in the Trust fund for the purpose of providing group health benefits to eligible employees and their eligible dependents.
The Trustees work to ensure that the Plan is administered fairly, equitably, effectively and in a cost-efficient manner.
The JCBT Plan replaced the Healthcare Benefit Trust (HBT) Plan effective April 1, 2017. Employees who submitted a Long Term Disability claim for a disability that occurred prior to that date will remain with HBT. Employees who are disabled on or after that date are covered by the JCBT Plan.
HBT acts as the third party administrator on behalf of the JCBT, providing services to the Trust and acting under the direction of the Trustees to carry out the tasks of administering the benefit plan and liaising with the claims paying agents on behalf of the Board, as well as other responsibilities, including financial accounting and liaison with the auditors.
Claims paying agents adjudicate and pay eligible claims: Canada Life – Long term Disability; Pacific Blue Cross – Dental and Extended Health. The Group Life and AD&D claims paying agent is Canada Life.
The benefits provided by the JCBT are:
- Extended Healthcare
- Group Life Benefit
- Accidental Death & Dismemberment (AD&D) Benefit
- Long Term Disability (LTD)
The Joint Community Benefits Trust is a trust that is exclusively dedicated to providing certain employee benefits and services related to those benefits. The Trust is not an insurance company and the benefits it provides are not insured by an insurance company. The Trust is not subject to regulation under the British Columbia Financial Institutions Act.
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The JCBT is jointly sponsored by the following two organizations:
- Health Services and Support – Community Subsector Bargaining Association (CBA)
- Health Employers Association of British Columbia (HEABC)
Board Structure and Responsibilities
The JCBT is managed by a Board of appointed Trustees, with an equal number of Trustees appointed by each of the HEABC and CBA.
OperationsThe Board of Trustees oversees the operation of the JCBT. This includes being responsible for:
- Overseeing the Trust’s financial operations.
- Managing the Trust’s assets.
- Selecting and overseeing third-party providers.
- Communicating to the Trust sponsors, plan members and employers.
- Conducting all other aspects of Trust management and governance.
The Board has established several committees that also meet regularly and provide updates and recommendations to the full Board for discussion and formal adoption.
The Communications Committee assists the Board in communicating with plan members.
The Audit Committee assists the Board in meeting the following responsibilities the Board has in respect of the financial administration of the Trust including: ensuring there is proper financial reporting and accountability to the Board, the preparation of annual financial statements, ensuring an annual audit is performed on the financial statement and approving the audited financial statements.