The JHSBT Trustees have engaged a number of service providers to manage the operation of the Trust.
Pursuant to the Joint Health Science Benefits Trust Agreement and Declaration of Trust dated April 8, 2017 (Trust Agreement) the Trustees have the authority to retain a third party administrator to administer the Benefits and to delegate their administrative duties to such an administrator.
The Trustees have retained Pacific Blue Cross (PBC) and the Canada Life Assurance Company (CL) as Claims Paying Agents, to carry out the claims adjudication and claims payment functions in respect of the Plan’s Benefits.
The Trustees delegate to Healthcare Benefits Trust (HBT) as the Third Party Administrator the tasks of liaison with and coordination of the activities of the Claims Paying Agents on behalf of the Board, as well as other responsibilities, including financial accounting and liaison with the auditors.
The Trustees have retained George & Bell (G&B) as actuaries, to monitor and report on the funded status of the Trust. The actuaries annually estimate the Plan’s liabilities (obligations to members) and assets to assess whether the Plan is fully funded or not.
The Trustees have appointed Smythe LLP as auditors for the Trust.
The Trust’s assets are invested by BCI (the British Columbia Investment Management Corporation) through the Healthcare Investment Unit Trust (HIUT.)
The Trustees’ legal counsel is HatchLaw.