Sun Life Financial Inc. will continue to administer the federal government’s Public Service Health Care Plan (PSHCP) after being selected as the first ranked bidder under a competitive government tendering process, the company said Wednesday.

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

“We are pleased to continue our partnership with the Federal Public Service Health Care Plan Administration Authority and the Treasury Board of Canada Secretariat,” says Stuart Monteith, senior vp, group benefits, Sun Life Financial Canada. “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 the largest employee benefit plan in Canada, with over 580,000 active and retired plan members.

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

Sun Life currently serves over three million group benefits plan members and their dependants.

IE