Wondering if anyone has specific information on what the benefits are like in retirement after you start your pension?
12 replies (most recent on top)
Yes. In Canada, 35 years service and 58. Benefits basically stayed the same
I retired in Ontario and do not get the same benefits you must be under the old pension plan and worked at EGD for many years.
Ah no you are wrong. Obviously don’t work at Enbridge. I retired last year, Ontario, same benefits I had when I worked there.
In Canada there are two types of Retirement Benefit packages. Not everyone is Eligible for both. Actually very few are Eligible for the better package as it requires Age plus years of service on a certain date to add up to a sum. Very few anymore will be eligible the better package.
No. The retirement benefits are not the same as the benefits you have when working. BIG DIFFERENCES: $1200 deductible for Extended Health. No Dental (but you can use your $1500 a year HSA for dental work). No life insurance at the group rate.
And yes, this is in Canada.
Unfortunately, that’s the case in Canada as well. I’ve had a difficult time getting clear information.
In the US you get incompetent HR person unable to answer your questions, or worse by giving you misrepresented guidance. Ahem, CI.
In Canada you get what the first post describes.
In Canada, you maintain the same benefits you had when you were working
Ok someone has anger issues LOL 😂 would hate to be working with you - you sound like a miserable person... too much time on your hands bud if you’re reduced to posting nasty comments.
Skimpy would best describe the benefits. Extended Health has a $1200 deductible. You get a $1500 health spending account to split between you and your partner. You can use the $1500 for pretty well any health expense, including dental. Unfortunately, dental expenses do not count towards the extended health $1200 deductible
Ask HR. Why the f— would you ask here?