Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The two employers are among a number of organizations that have recently joined the CAAT’s plan, including the Canadian Coalition for Good Governance, the Saskatchewan College […]
An article on how British Columbia’s amended definition of provision for adverse deviation will impact the province’s target-benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts 2. BNP Paribas expanding […]
The union representing 450 employees at Domtar Corp. in Dryden, Ont. has ratified three collective agreements that include benefits and pension gains. The agreements include several group benefits enhancements, including $100 for vision, a $200 increase for dental and orthodontics, a $10,000 increase in life insurance, $1,000 for eye surgery and improvements in short- and […]
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 […]
The union representing about 1,100 Jazz Aviation employees has ratified a five-year collective agreement that includes pension enhancements and bereavement leave. The agreement includes an additional employer contribution of one per cent to the defined contribution plan, effective Jan. 1, 2023, for employees with 15 years or more of service. It also includes five days of […]
A recent Ontario Divisional Court ruling serves as a caution that employers’ prior conduct may prohibit them from amending pension plans even when the collective agreement clearly allows them to do so. “The takeaway from the decision is that employers’ discretion to amend plans will always be subject to labour law principles in cases that […]
The union representing more than 60 employees at Right Time Call Centre in St. Catharines, Ont. has ratified a three-year collective agreement that includes bereavement leave enhancements. The agreement will allow employees to use their three paid days of bereavement leave for the death of a stepfather, stepmother or foster parent, as well as the parent […]
An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CUPE’s Ontario education workers striking for extended benefits, wage increases 2. Stellantis, Unifor agreement includes pension and retirement gains 3. Sounding Board: How employers can better support employees […]
The union representing employees at automobile manufacturing company Stellantis’ assembly plants in Windsor, Ont. and Brampton, Ont. has ratified a three-year collective agreement that includes pension and retiree benefits improvements. The agreement will add $1 per hour to the current company pension contribution. Employees earning the current maximum wage rate will see the pension contribution converted […]
Ontario education workers are striking over extended benefits, short-term disability leave and wage increases, among other requests by the workers’ union the Canadian Union of Public Employees. The CUPE is asking the provincial government to provide additional funds to cover the increasing costs of medications and health and dental services, according to the CUPE’s Ontario […]