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General Motors of Canada will pay $9 million to nearly 3,300 salaried and executive retirees to settle a lawsuit, according to the Toronto Star.
The automaker will also restore most of their post-retirement health and life insurance benefits.
During the financial crisis, GM Canada made changes to the benefits program for non-unionized salaried retirees.
They were forced to pay more for prescription drugs and saw their annual maximum coverage for dental and orthodontic benefits reduced, and the basic life insurance benefit was cut to $20,000 from more than $100,000.
The settlement still requires court approval.
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