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Sun Life Financial To Continue Administering Federal PSHCP

The multi-year, multi-million dollar contract went into effect on September 24, 2009

Sun Life Financial has declared that it will continue to administer the Federal Government’s Public Service Health Care Plan (PSHCP), after being selected as the first ranked bidder under a government tendering process.

The multi-year, multi-million dollar contract went into effect on September 24, 2009 and provides for plan administrative services. Sun Life Assurance of Canada, a member of the Sun Life Financial group of companies, has been the administrator of the plan since 1996.

Stuart Monteith, senior vice-president, Group Benefits of Sun Life Financial Canada, said: We are pleased to continue our partnership with the Federal Public Service Health Care Plan Administration Authority and the Treasury Board of Canada Secretariat. The new contract contains many innovative and exciting features for plan members, and we look forward to working with the government in the implementation and delivery of these services.

The PSHCP is an employee benefit plan in Canada, representing 3% of the group market share with over 580,000 active and retired plan members.

Dean Connor, president of Sun Life Financial Canada, said: We value our long-standing relationship with the PSHCP and are delighted to see it continue. Retaining this important client is a testament to our employees who have provided plan members with excellent customer service through the years.