Settlement restores most slashed benefits to GM retireesClass action suit launched after company cut healthcare and life insurance benefits during economic downturnBy Jeffrey R. Smith10/01/2014|Canadian Employment Law Today|Last Updated: 10/01/2014 General Motors of Canada (GM) has reached a settlement with more than 3,200 retired employees after it was faced with a class action suit in the Ontario Superior Court of Justice, restoring benefits cut by the automaker following the 2008 recession. GM provided post-retirement benefits to its employees for a long time. These benefits included healthcare and basic life insurance benefits, which were outlined in numerous documents such as information brochures and booklets — there was no single benefits agreement — that indicated employees could count on a core of benefits for their lifetime. Employees also received follow-up life insurance notices from GM outlining their amount of continuing life insurance for the rest of their life. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.