SKF Agreement includes Pension boost for Retirees!
Toronto, On – Members of IAMAW Local Lodge 901 have ratified a new collective agreement with SKF Canada Limited that includes a pension boost for retirees.
“It’s just another example of how the union looks after its members following their retirement,” explained IAMAW District 78 Business Representative Paul Mitchell. “The bargaining committee deserves all the credit because if there’s a pension benefit improvement for current workers, the committee ensures retirees are not forgotten.”
The three-year agreement provides wage increases of 2 per cent in the each of the first two years and 2.25 per cent in the third year. Other agreement highlights include :
• Improved medical benefits
• An additional statutory holiday
• Improved pension benefits
• Improved pensions benefits for retirees
Another agreement improvement is the temporary employee clause. “The company has agreed that it will contact the union to provide temporary replacement workers when a current employee has a medical absence in excess of 15 working days,” said Mitchell. “It allows us to bring in someone who is qualified and may be on layoff at the time at this facility or other workplaces we represent within District 78, to fill in for the duration of the medical leave.
The 22 members are employed at the SKF warehouse which distributes ball bearings to Canadian industry.
“It’s just another example of how the union looks after its members following their retirement,” explained IAMAW District 78 Business Representative Paul Mitchell. “The bargaining committee deserves all the credit because if there’s a pension benefit improvement for current workers, the committee ensures retirees are not forgotten.”
The three-year agreement provides wage increases of 2 per cent in the each of the first two years and 2.25 per cent in the third year. Other agreement highlights include :
• Improved medical benefits
• An additional statutory holiday
• Improved pension benefits
• Improved pensions benefits for retirees
Another agreement improvement is the temporary employee clause. “The company has agreed that it will contact the union to provide temporary replacement workers when a current employee has a medical absence in excess of 15 working days,” said Mitchell. “It allows us to bring in someone who is qualified and may be on layoff at the time at this facility or other workplaces we represent within District 78, to fill in for the duration of the medical leave.
The 22 members are employed at the SKF warehouse which distributes ball bearings to Canadian industry.
