Retirees win back lost pension benefits
Retiree health benefits are a dying breed. Less than 30% of Canadian companies now offer them to retired employees.
And if you do still have coverage, get ready to pay more: Employers are shifting more costs onto retirees, starting benefits at a much later age, or requiring longer tenure to qualify.
But retirees are fighting back.
An Ontario man has just launched a class-action lawsuit against GM Canada on behalf of himself and 3,500 other retired white-collar employees for rolling back their benefits as part of the company’s recent cost cutting.
