When the coronavirus pandemic shook up the investment landscape last spring, Canadian pension funds were also jostled by the shock wave, with the Alberta Investment Management Corp. and the Ontario Municipal Employees Retirement System among the hardest hit. And while the pandemic was an unprecedented event, such losses have raised the issue of whether Canadian pension […]
Employees at the Indigenous Women’s Healing Centre in Winnipeg who are members of the Canadian Union of Public Employees Local 2348 have ratified their first collective agreement. The new agreement allows “employees wishing to take part in traditional Indigenous ceremony such as a Sundance or healing ceremony up to four paid working days leave per calendar […]
Legal aid workers who are members of the Canadian Union of Public Employees Local 1949 have signed a tentative agreement that includes an increase in vision care benefits, sick and vacation leave and wages. “This is not just good news for our members, it’s a major victory for our most vulnerable citizens who rely on legal aid services […]
While a Calgary councillor’s proposal to review all municipal pensions was passed to a city committee for further study in late April, local unions are still concerned. Councillor George Chahal, who put forward the proposal, says the city should review its pensions because the related costs for both unionized and non-union workers are rising at double the rate […]
The Canadian Union of Public Employees Local 1975 is calling for an immediate meeting with the University of Saskatchewan’s board of governors to a find a resolution to the bargaining unrest on campus, which includes issues around the pension plan. The university is proposing to eliminate the current defined benefit plan and replace it with a defined contribution […]
However, CUPE has reservations about suggested changes.
As part of a comprehensive plan review, the Ontario Municipal Employees Retirement System is looking at a number of changes, including to indexing provisions. While a plan executive is offering a more nuanced version of the issue, the Canadian Union of Public Employees union is sounding the alarm about possible changes. Read: Boosted by public equities, […]
The strike by Canadian Union of Public Employees Local 2424 at Carleton University in Ottawa has ended after workers ratified a three-year collective agreement. The union announced the ratification earlier this week via its Twitter account, bringing an end to a strike that began on March 5. Rob Thomas, assistant vice-president of human resources at Carleton, said […]
Members of the Canadian Union of Public Employees Local 561 in Coquitlam, B.C., have voted to transfer active employees from the School District No. 43 non-teaching pension plan into the British Columbia Municipal Pension Plan. Terms of the deal include a four per cent wage increase to cover the difference in pension contributions between the two […]
Proposed voluntary CPP expansion gets negative reaction