For any Seniority List employees thinking about the "Voluntary Resignation with
Severance Payment" option as per the new Collective Agreement please review the following:
SEVERANCE PACKAGES - An explanation of rules for rolling severances into your RRSP and the tax implications.
SunLife Conversion, SunLife Conversion Rates and Manulife Conversion - Information about continuing life and medical coverages after resignation.
Each individual should seek out other insurance carriers,
benefit providers, and independent financial advice to determine the best way of
handling their particular situation regarding severance, pension,their RRSP and medical insurance.
