Dear all
one point which has been mentioned by several colleagues is the issue of health benefits post retirement (currently $15,000 under the DC plan, and $150,000 under the proposed DB plan). Indeed, reading some of the messages, it appears this factor is a key one for many colleagues. It is not a minor issue.
Could someone let me know why the professoriate at SFU opted for *lower* health benefits at the level of $15,000, when prior to 2001 the health benefit levels were in fact 150,000 under the SFU pension plan? This is prior to my joining, so I am curious about the history.
https://www.sfu.ca/human-resources/retirees-health-benefit.html
Additionally: has this issue of low post-retirement health benefits been a SFUFA bargaining issue in its own right, distinct from that of the pension issue, in the past 5 years?
thanks
Nilima
* As a footnote: at some juncture SFU's professoriate HAD a DB plan, and switched to a DC plan. I'd be curious to hear about the reasoning around this.
--
Nilima Nigam
Professor
Dept. of Mathematics
Simon Fraser University