Wednesday, March 19, 2014
Tentative Deal Reached in Bargaining with PIPSC
Sisters and Brothers:
Attached, please find the settlement agreement in English. The French version will be distributed as soon as it is available.
Term: 3 years expiring March 31, 2016
Economic Increase: April 1, 2013 = 1%, April 1, 2014 = 1.5%, April 1, 2015 = 1.5%
There will be retro pay on all hours worked since April 1, 2013.
Pension Contribution increases: April 1, 2014 = 1%, January 1, 2015 = 1%, January 1, 2016 = 1% to a total of 11% contribution to pension.
Maximum Pensionable income increased to $125,000.
In addition to participation in the Pension Advisory Committee, the Union has the right to have an observer present at meetings of the Board of Directors (Pension Plan Trustees) where the pension plan is discussed, to get information and reports, ask questions, and make recommendations.
During the life of the agreement, a committee will look into post-retirement benefits.
Improved Bereavement Leave.
There will be a presentation on the tentative agreement and an opportunity for questions and comments at the Local's AGM Wed. night at the Lone Star.
The Bargaining Team would like to thank all the members of the Local for their support during bargaining. Details of the vote will be sent out shortly.
President, Unifor Local 3011