The government has reached a deal with its public sector unions to double the amount retired federal employees pay in premiums for health benefits. The deal was negotiated between the Public Service Alliance of Canada on behalf of all federal retirees and Treasury Board. Retired CF members are lumped in with the federal retirees.
The deal in effect immediately doubles premiums while tossing in a few scrapes. Once again PSAC has capitulated to protect its current dues membership and thrown retirees under the bus. The bigger question is who represented retired veterans, I certainly never belonged to PSAC when I served! For me, a doubling of premium is effectively a 2% cut in my gross pension. For those earning a pension of around $25,000 the hit will be significantly bigger.
CBC is covering the story at: http://www.cbc.ca/news/politics/public-sector-feds-reach-deal-on-retiree-health-benefits-1.2586998
The deal in effect immediately doubles premiums while tossing in a few scrapes. Once again PSAC has capitulated to protect its current dues membership and thrown retirees under the bus. The bigger question is who represented retired veterans, I certainly never belonged to PSAC when I served! For me, a doubling of premium is effectively a 2% cut in my gross pension. For those earning a pension of around $25,000 the hit will be significantly bigger.
CBC is covering the story at: http://www.cbc.ca/news/politics/public-sector-feds-reach-deal-on-retiree-health-benefits-1.2586998