Post Retirement Benefits – What they mean to you. Winter 2014. Purpose of this Seminar. Ontario Drug Benefit (ODB)Program Eligibility Healthcare Spending Account (HSA) YUSA post retirement benefits CPM post retirement benefits YUFA and Osgoode post retirement benefits
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Post Retirement Benefits – What they mean to you.
Post retirement benefits are available to those that retire direct from being an active member
Must have active benefits the day before retirement date
Only those dependants that were covered as an active employee immediately preceding retirement are eligible for post retirement benefits
Changes can not be made following retirement
Monthly pension option has to be elected for all affiliations except for YUFA and Osgoode
Additional coverage can be purchased through various providers such as:
Ontario Teachers Insurance Plan (OTIP)
Municipal Retirees Organization Ontario
Policy number remains as 14098
Change first digit of employee number from one to nine (i.e. 100100200 to 900100200)
Sun Life has a member website https://www.sunnet.sunlife.com/signin/mysunlife/home.wca?which provides you access to items such as