Teamsters – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 20:00:35 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Yellow bankruptcy will have little impact on Canadian workers’ pensions: union https://www.benefitscanada.com/pensions/defined-benefit-pensions/yellow-bankruptcy-will-have-little-impact-on-canadian-workers-pensions-union/ Fri, 04 Aug 2023 13:00:12 +0000 https://www.benefitscanada.com/?p=141843 The union representing roughly 350 Canadian employees at Tennessee-based Yellow Corp. says the trucking company’s abrupt closure will have little to no impact on Canadian workers’ pensions. According to a spokesperson at Teamsters Canada, Yellow’s Canadian employees are enrolled in one of four defined benefit pension plans — all of which are fully or almost […]

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]]> Biden releasing nearly US$36BN to aid pensions of union workers https://www.benefitscanada.com/pensions/defined-benefit-pensions/biden-releasing-nearly-us36bn-to-aid-pensions-of-union-workers/ Fri, 09 Dec 2022 14:00:53 +0000 https://www.benefitscanada.com/?p=130967 U.S. President Joe Biden is announcing the infusion of nearly US$36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of more than 350,000 Teamster workers and retirees across the U.S. The money for the Central States Pension Fund is the largest amount of federal aid provided […]

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]]> CP, Teamsters agreement includes pension enhancements, increased benefits https://www.benefitscanada.com/pensions/retirement/cp-teamsters-agreement-includes-pension-enhancements-increased-benefits/ Fri, 19 Aug 2022 13:00:57 +0000 https://www.benefitscanada.com/?p=125770 The union representing roughly 3,000 Canadian Pacific Railway Ltd. employees across Canada has ratified a two-year collective agreement that includes pension enhancements and increased benefits. Read: Arconic, Unifor agreement protects workers’ DB pension plan The agreement will allow members of the Teamsters Canada Rail Conference to join CP Rail’s pension improvement accounts and includes a 3.5 per […]

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]]> Metro, Teamsters agreement includes enhanced health benefits https://www.benefitscanada.com/benefits/health-benefits/metro-teamsters-agreement-includes-enhanced-health-benefits/ Tue, 14 Jun 2022 13:00:33 +0000 https://www.benefitscanada.com/?p=122651 The union representing 120 employees at Metro Inc. warehouses in Ottawa has ratified a five-year agreement that includes multiple benefits gains. The agreement includes a 100 per cent increase for vision starting in 2023 — up to $500 per member and dependants — and a $1,000 increase to major dental care coverage, up to $2,500 […]

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]]> Top 5 HR, pension and benefits stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-pension-and-benefits-stories-of-the-week-24/ Fri, 25 Mar 2022 13:00:02 +0000 https://www.benefitscanada.com/?p=118754 A story on a pilot benefits plan program that provides plan members with access to traditional Indigenous medicines and services was the most read article over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. First Nations community providing Indigenous wellness benefits to plan members 2. Just 52% of Canadians […]

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]]> Workers back on the job at noon after CP Rail and union agree to final arbitration https://www.benefitscanada.com/news/bencan/lockout-at-cp-rail-as-parties-negotiate-issues-including-wages-benefits-and-pensions/ Tue, 22 Mar 2022 11:30:17 +0000 https://www.benefitscanada.com/?p=118571 Canadian Pacific Railway Ltd. and the union representing 3,000 conductors, engineers and train and yard workers say they have agreed to final and binding arbitration to end a work stoppage. Workers will return to the job at noon local time Tuesday. In a statement issued early Tuesday morning, Teamsters Canada Rail Conference spokesperson Dave Fulton […]

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