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:

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