Retiree Benefits

The BC Marine Industry Employee Health Benefit Plan does not include retiree benefits however some benefits may be available through one of two separate plans. The two plans that are available are referred to as either the 1% Plan or the $5 Plan. The names are derived from the required employer contribution rate stipulated in the respective Collective Agreements. Most employees are covered by the 1% Plan. The required employer contribution rate is subject to change as negotiated at Collective Bargaining. Despite any changes to the contribution rate, the reference will remain the 1% Plan and the $5 Plan.

To learn more about retiree benefits that may be available to you, please refer to the BC Marine Industry Retiree Benefits section of the Health Benefits Plan Booklet.