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Originally Posted by drew
^ from what my informal discussions with friends/family - all health coverage seems very similar in terms of private/public (I am in the private sector, three different employers thus far, and my wife is a teacher).
Basically the minimum is 80% coverage of prescriptions and physio/etc ($500 per year), along with the standard stuff for private or semi-private hospital rooms, vision, dental, etc.
There aren't any major differences. Some employers offer 100% coverage, some don't.
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For benefits it comes down the percentage of coverage, if there is an annual cap, and what that cap is. I have heard of many private sector plans that have no cap on prescription drug coverage below your pharamcare deductible. That alone can be very significant.
Also the inclusions/exclusions can matter, things like physio, massage, etc. If you find yourself needing physio and don't have coverage you could quickly be out of pocket $1000 or more.
I also know some private plans pick up the cost of your gym membership under something like "employee wellness".
The final piece is how much "health spending" is allowed in a year and what are the rules around that.
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Originally Posted by cheswick
Defined benefit is not necessarily better. It just puts the risk on the company rather than the employee. Conversely DB plans are riskier in the sense that if a company goes under, your DB pension is not safe while a DC pension would be.
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Ask Eaton's and Sears retirees about their thoughts on a defined benefit pension plan. Both companies ceased operations with a huge unfunded pension gap.
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Originally Posted by headhorse
weren’t wawanesa tower and the skip project the rumours? yeah evidently our business friendly politicians aren’t having a lot if success attracting business.
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With the announcement that Skip will be moving all offices into True North Square in an existing building that rumor is effectively dead. They were clearly shopping around for a space and found what they wanted.