Hourly workers at Compass Minerals International Inc.’s mine in Goderich, Ont. have voted in favour of a new collective agreement that allows them to maintain their previous pension and benefits. The vote, by members of Unifor Local 16-O, has put an end to a 12-week strike at the salt mine. The three-year deal also includes a 2.5 […]
Bombardier Inc.’s 2,100 production and office workers operating in Toronto will see improvements to their pension and dental benefits, as well as the introduction of a retirement incentive scheme, as part of the latest collective agreement between Unifor Local 112 and the company. The pension increases, which amount to an additional $6 each month per year of […]
After nearly two months of strike action, Compass Minerals International Inc. and hourly workers at its mine in Goderich, Ont., remain at a stalemate in contract negotiations over proposed cuts to employees’ pensions. The latest contract offering from the company includes the removal of the deferred profit-sharing portion of the plan along with the elimination of its early retirement […]
The Ontario Public Service Employees Union is adding its voice to the concerns about possible pension plan changes by the Ontario Municipal Employees Retirement System. “The OMERS pension plan is in good shape financially and will ensure a dignified retirement for the hundreds of thousands of Ontarians who’ve paid into it throughout their working careers,” […]
Quebec has passed its bill eliminating disparities in pension and supplementary group benefits plans. The bill was passed on Tuesday with a number of additions to the province’s labour standards, including the following paragraph: “Any distinction made solely on the basis of a hiring date, in relation to pension plans or other employee benefits, that affects employees performing […]
United Steelworkers union members in western Labrador have ratified a five-year collective agreement that includes increases to medical benefits, pensions and wages. More than 1,300 union members who work for the Iron Ore Co. of Canada will return to work after a nine-week strike. “Our members are the people who work hard every day and […]
As lobbying efforts intensify to keep Canadian Nuclear Laboratories’ employees in the public service pension, plans are moving ahead to convert a multi-union, multi-employer plan into a target-benefit arrangement. Collective agreements ratified in September 2015 between the United Steelworkers union and CNL state that employees hired before that date would stay in the public plan until September 2018, […]
The terms of a settlement for Wabush Mines’ former employees and retirees are now available, including an $18-million payment to address a $28-million pension shortfall and an estimated $10.9 million to compensate for the loss of health benefits. The settlement affects 1,700 pensioners and former unionized employees of the Newfoundland and Labrador-based mine owned by Cleveland Cliffs Inc., according […]
Three years after Wabush Mines filed for restructuring, its former employees and retirees will see an increase to their pensions, following a previous reduction of between 21 and 25 per cent, as a result of a proposed settlement in the matter. While the amounts won’t be public until the court overseeing the company’s insolvency approves a settlement in principle, […]
Carleton University employees are beginning job action Monday morning in defence of their defined benefit pension plan. The Canadian Union of Public Employees, which represents some 900 administrative, technical and library staff, is arguing that the university is attempting to strip pension language from its employees’ collective agreement. “Throughout bargaining, Carleton has placed obstacles in the path […]