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Labour Reporter
Canadian
www.labour-reporter.com
May 12, 2014
Ottawa navigates
uncharted
pension territory
Feds propose voluntary target benefit
retirement plans for federally regulated
businesses, Crown corporations
BY SABRINA NANJI
OF LATE, the chatter surrounding pension reform has been nothing
short of contentious. The ever-raging defined benefit (DB) versus de-
fined contribution (DC) rubric — as well as sustainability and predict-
ability — has left key players across the labour field up in arms.
At the end of April, the federal government doused this blazing pen-
sion fire with gasoline. The finance department announced the launch
of a target benefit pension plan framework, and opened up a 60-day
consultation period to the public.
As part of the proposal, target benefit plans, otherwise dubbed
shared-risk plans, would be made available as a voluntary option for
EDUCATION
yukon College
Whitehorse
(210 lecturers, service, maintenance and custodial employees)
and the Public Service Alliance of Canada (PSAC)
Renewal agreement: Effective
July 1, 2013, to June 30, 2016.
Signed in October 2013.
Wage adjustments:
Effective July 1, 2013: 2%
Effective July 1, 2014: 2%
Effective July 1, 2015: 1.75%
Paid holidays: 12 days, un-
Face Off
Sid Ryan and John
Mortimer duke it out over
the pros and cons of right-
to-work laws.
ARBITRATION
AWARDS
pg. 8
see Shared-risk > pg. 7
see Collective agreements > pg. 3
Sick day scandal at Manitoba justice department pg. 6
Extra Food Stores - Saskatchewan pg. 3 Health Employers Association
of British Columbia pg. 3 Tiger Courier - Saskatchewan pg. 4 Groupe
de Securite Garda - Quebec pg. 4 Government of Newfoundland and
Labrador (Health Care) pg. 5
CCAC worker denied
interim relief ahead
of arbitration hearing
JANE WARING, an employee at
a community care access centre
(CCAC) in Barrie, Ont., believed
she had been wrongfully termi-
nated.
But before that case could be
presented at an arbitration hearing,
a few details needed to be sorted
out regarding her dismissal. The
case dates back to the summer
COLLECTIVE
AGREEMENTS
ColleCtive
Agreements
ArbitrAtion
AwArds
Photo:
Trevor
Hagan
(Reuters)
Responding to calls for pension reform, Ottawa introduced a target
benefi t model for federally run businesses. It is meant to serve as a
middle ground between traditional defi ned benefi t and defi ned con-
tribution pension schemes.
Negotiate with confidence.
Mock sessions. Best practices. Program leaders with real-world experience.
Choose Queen's IRC and thrive in your next negotiation session.
i r c . q u e e n s u . c a
see Arbitration > pg. 6
