The end of retiree benefits?
Though survey results vary, they generally indicate that employers offering retiree benefits are the minority in Canada. For instance, only 16.3% of participating organizations in the 2015 Mercer Plan Design Database offer some kind of retiree benefits. Additionally, the 2015 Sanofi Healthcare Survey of mostly larger employers shows only 35% still offer benefits to new retirees. In another survey, 17% of respondents in the Toronto Region Board of Trade offered extended health coverage, and 13% offered dental benefits to retirees. By 2014/15, these numbers decreased to 16.5% and 11.9%, respectively.
- October 27, 2015 September 13, 2019
- 07:00