The Employer agrees to maintain a defined contribution Pension Plan for the benefit of members of the bargaining unit.
The Plan became effective January 1, 1991. The defined contribution is set at 7% for both the Employer and the member, as of April 1, 2009.
The Plan is open to all members of the bargaining unit who have worked during the previous calendar year and who elect to participate in the Plan.
There shall be a Pension Plan Committee to administer the Plan and the Committee shall have equal Employer-member representation.
Reference: Section 10.15 (PENSION PLAN) of the Collective Agreement
For further information, access the employer’s Pension Plan site.