Air Canada retirement health benefits

Dear Brothers and Sisters:
Air Canada is asking eligible retirees whether they will give up their life insurance and health benefits, both of which were guaranteed for life, for a one time cash payment for life insurance, and a health care spending account of $450 yearly for the retiree, and another $450 for eligible dependents for a total maximum of $900 for health benefits. The decision whether to take the Voluntary Buyout Program is a personal one, and we cannot make a recommendation about what to do. However, we suggest that our members consider the
following when making the decision:

Bulletin041_EN

Air Canada Life Insurance Company

“On Friday, August 10, 2018 Air Canada announced to their employees that they would be creating a new wholly owned subsidiary, Air Canada Life Insurance Company (ACLI). ACLI will be a fully registered and regulated insurance company under the terms and conditions of all existing Canadian financial and insurance regulations and will fall under the auspices of OSFI.”
Read the full bulletin as issued by the IAMAW here:

Bulletin No. 036 – ACLI _EN

 

 

 

Class action lawsuit against Air Canada

Important Information
The law firm TJL was in Winnipeg on Monday June 25th to share information relating to the Class Action Lawsuit against Air Canada and their failure to abide by the Air Canada Public Participation Act.

The bulk of the discussion related to the why and how the lawsuit would proceed and for now the most important item of business is to ensure all ex-AVEOS employees are registered at their webiste http://tjl.quebec/en/class-action/aircanada/.

Please take a moment to register and pass this information along to all your friends.

Updates will be posted here as they become available.