The union representing 120 employees working across Canada for U.S. telecommunications company Zayo Group has ratified a four-year collective agreement that includes pension and benefits gains. Unifor Local 2000A was able to protect and maintain the company’s defined benefit pension plan; however, the employee contribution will increase from three per cent to 4.5 per cent. […]
More than 300 employees of Windsor, Ont.’s Jamieson Laboratories Ltd. are ending their 34-day strike after securing a new contract agreement that includes significant wage increases and benefits enhancements. On March 5, members of Unifor Local 195 voted to ratify a four-year collective agreement — effective Feb. 1, 2024 to Jan. 31, 2028 — that […]
This leap year, some financial experts say they’re seeing an unexpected trend: employees asking if they get paid for working on Feb. 29. Every four years, the calendar gains a day to sync up with the Earth’s movement around the sun. Yet inquiries about what it means for paycheques hasn’t previously been noticeable. “This is […]
Nearly 3,000 academic workers at York University are on strike after their union said the university didn’t meet their demand to “address the affordability crisis.” The Canadian Union of Public Employees Local 3903, which represents contract faculty, teaching and graduate assistants, research assistants and part-time librarians, says picket lines went up at 11 a.m. Academic […]
Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension Plan Sustainability and Transfer Act, which received royal assent in December, will impact more than 7,800 active members enrolled in five plans serving school board and nursing home employees and […]
The union representing more than 160 employees at facilities services provider Robinson Solutions in Oshawa, Ont. has ratified a three-year collective agreement that includes pension and benefits gains. The agreement includes enrolment in the Colleges of Applied Arts and Technology’s DBplus pension plan with a two per cent employer contribution. As well, full-time employees will […]
A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are the 10 most popular pension news stories of 2023: 1. Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings 2. Ford, Unifor agreement includes significant DC pension improvements, transition to […]
After a five-day strike, the union representing 800 employees at Magna International Inc.’s Integram Seating factory in Windsor, Ont. has ratified a collective agreement that includes multiple benefits gains. The benefits gains include: vision coverage, from $250 every two years to $400; a rise in the basic annual dental maximum, from $1,600 to $1,900; an […]
An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How Ontario pay transparency legislation will impact employers 2. Expert panel: How interest rates impact DB pension plans 3. How employers can shift younger workers’ ‘soft saving’ […]
The New Brunswick government introduced legislation Wednesday to transfer five of its public sector defined benefit pension plans to shared-risk plans, saying the move will ensure the sustainability of plans that have become unaffordable. “They were not designed to have cases where [employees] might work the same amount of years that [they are] retired,” said […]