Everybody out of the pool! PRPPs are Not the Answer

  You might have noticed a pension item in the news just before the holidays.  At a December meeting in Alberta, federal and provincial finance ministers decided not to move on improvements to the Canada Pension Plan (CPP), but rather to proceed with some kind of private sector-based savings scheme – a Pooled Registered Pension Plan or PRPP. Federal finance minister Flaherty, who had been part of the broad consensus

Chiffres utiles - 2011

CHIFFRES UTILES POUR VOTRE GOUVERNE: 2011 A. PENSIONS: 1. PRESTATIONS DE SÉCURITÉ DE VIEILLESSE:   (Mensuelles Janvier 2011)  -ajustées tous les 3 mois          $524.23 2. RÉGIME DE PENSIONS DU CANADA/QUÉBEC (2011)   *Prestations mensuelles: Prestations maximum à l’âge    de 65 ans    $960.00   (Réduction annuelle de 6% à l’âge de retraite 60-64,           Augmentation annuelle de 6% à l’âge de retraite 65-70)   *Prestation maximum d’invalidité  $1,153.37   *Prestation maximum au survivant                                   RPC               RPQ   Au-dessous

Useful Numbers 2011

A. PENSIONS: 1. OLD AGE SECURITY BENEFIT          $524.23 (Monthly, January/2010 – adjusted quarterly)    2.  CANADA/QUEBEC PENSION PLAN (2010)       * Maximum Monthly Retirement Benefit at age 65       $960.00       (Reduction of 6% per year for retirement 60-64,       Increase of 6% per year for retirement 65-70)         * Maximum Monthly Disability Benefit $1,153.37       * Maximum Monthly Survivor Benefit                                          CPP          QPP       Under 65           $529.09   $470.98 –

Rolls Royce Security Guards Ratify!

Lachine, QC – Security Guards employed by Rolls Royce Canada have ratified a new collective agreement. The three-year agreement provides for wage increases of 2.5 per cent in each of the first two years and 3 per cent in the third year. The members will also increase their pension plan contributions by .5 per cent in the first and third years of the agreement. The agreement will also see an

Machinists Ratify with Field Aviation!

Toronto, ON – Members of IAMAW Local Lodge 2413 have ratified a new collective agreement with Field Aviation Incorporated. The three-year agreement provides wage increases of 2 per cent plus a 1 per cent RRSP increase in each of the first and second years respectively. The agreement will be re-opened to discuss wage and RRSP increases only for the third year. Other agreement highlights include : • A $1,050.00 signing bonus

International Migrants Day - 18 December

On 4 December 2000, the General Assembly, taking into account the large and increasing number of migrants in the world, proclaimed 18 December International Migrants Day (resolution 55/93). On that day, in 1990, the Assembly adopted the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families (resolution 45/158). Member States, intergovernmental and non-governmental organizations are invited to observe International Migrants Day through

Free Trade is a Christmas Grinch!

For Immediate Release Toronto, ON – “The North American Free Trade Agreement is a joke and yesterday’s announcement by Electrolux that it will move manufacturing from Québec to Tennessee is proof,” said a disgusted IAMAW Canadian General Vice President Dave Ritchie. “Yesterday without any warning, Electrolux told its L’Assomption, Québec workforce, it would close their facility and move it to Memphis Tennessee where it can create 1,300 new jobs and

Pat Murphy Remembered

Pat Murphy passed away peacefully at his home with his family by his side following a lengthy and courageous battle with cancer on December 9, 2010. Pat will be remembered for many things but most of all for his sense of humour and his deep commitment to social justice, human rights, volunteerism, human dignity and the protection and fair representation of his brothers and sisters in the work place. He

Angela Schira Steps Away from BC Fed!

Vancouver, BC – The longest serving Executive Officer of the BC Federation of Labour, Angela Schira, did not seek re-election in last weeks BC Fed Convention. A longtime member of the Executive board since 1982, Schira earned a reputation as an outspoken advocate for union members working in resource communities, cities and towns across British Columbia. Schira has been on leave from her duties since suffering serious injuries in an

Machinists Sign Lucrative Agreement at Hickman!

For Immediate Release Gander, NL – Members of IAMAW Local Lodge 544 has ratified a new collective agreement with Hickman Motors by a margin of 87.5 per cent. The three-year agreement provides wage increases of 6 per cent in the first year, 6 per cent in the second year and 5 per cent in the third year. The agreement also provides for an increase in the employees shop clothing allowance.