Elk Falls Workers

Campbell River B.C.

Severance and retirement

As most of you are aware we have been having some disagreements with the company on issues relating to severance. The one we get asked the most about is how severing your employment affects your retirement.
The companies recently took the position that people severing as a result of the permanent mill closure would no longer be entitled to get both severance and retirees benefits. So, if you’re older than age 55 and wish to take your severance, they will no longer pay your basic or extended medical, nor will they allow you to get pop-up bridging (when you are 60 yrs old). Otherwise you can choose to just quit and not take your severance and then you will receive them both.
We had hoped that we could work this issue out before members had to choose on Sept 10th. Unfortunately that has not been the case and members finding themselves in that situation will have to use their best judgment in deciding which option to take. We have already grieved this issue, but it will be some time before it is in front of an arbitrator. If you need more information call the office and we will answer your questions as best we can.

September 4, 2010 Posted by | General | 2 Comments