old age security
- Thread starter red
- Start date
)One question I have tried to get from sources regarding private Long Term Disability coverage and medical insurance program, both which are based on an age of 65. Will they be adjusted for terms, payments, coverage. So far the answer from them is, 'don't know yet'. Lazy fucks.
If you policy says it stops paying at 65, it will stop paying at 65. The contract terms will not be varied because the government changes their policy.
That's what I expected but they're not saying so .It will be a bitch. I once asked them about someone who doesn't retire and continues to work until whenever. They basically said they start a new policy negotiated for 65 as day one. I've had a few things come down the pipe in 35+ years and it would be really expensive and certainly not as comprehensive, so thanks for nothing. The medical coverage actually is less as the Ontario government will cover a few more things. all this for two freakin' years of monkeying around with the retirement age.
