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To: James Porter
From:
Helene Bourassa Subject: Re:
Benefits questions
Dear
James,
I will try
to clarify for you your questions about retirement benefits.
Time
of retirement:
The time at which an employee can retire is calculated on the basis
of age and number of years of service to the company. An employee of the
company can retire with full benefits at age 55 if
he or she has worked a minimum of 30
years for the
company. Employees can retire at age 60
or above with 25 years
of service to the company. Since you are younger than 60 years
old and have worked for the company for 22 years,
you won't be eligible to retire for another few years.
Benefits
for your spouse: I know this is a delicate matter, but it is
important to know about. If you die before your spouse, she will continue to
receive full retirement benefits for the rest of her life.
Health
insurance: Retirees are eligible to receive health insurance. There are
several packages to choose from, and I will send you brochures about them.
Your spouse will also be eligible for health coverage when you retire. If you
happen to have any dependent children under the age of 21 and
living at home, they, too, will be eligible for health coverage.
I hope this
answers your questions. Please don't hesitate to contact me if you need any
further information.
Helene
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