Eligibility
“When an employee ceases work, to be eligible to join Benefits Class 5, the Retirees Division, the employee must:
(a) formally declare their intent to retire (not just change employers) and
(b) be over the age of 55 years at the time of retirement.”
Cost
The cost is calculated to equal the employer and employee premiums plus a $3 monthly administration fee.
Coverage
Your retirement coverage is the same as when you are an active employee. The only exception is that your emergency travel insurance which covers up to $500,000 per calendar year instead of $1,000,000 before you retired.
For full details, refer to the Retired Employees PDF below.
Enrollment
If you would like to enroll yourself or your family in the retiree benefits plan, please fill out the following forms:
If you have enrolled in Voluntary Critical Illness, please contact Industrial Alliance to cancel the coverage and premium deduction.