Some of the highlights are:
- Salary increases spread over the second and third years of the agreement, with four increases of 1% each at six-month intervals.
- Employees will be taking on some of the cost of benefits. The cost is estimated at between $50 and $70 per pay period. This will vary somewhat, depending on your family status (single vs. family coverage) and which province you work in.
- The Guild and CP management will be meeting to discuss the issue of part-time employees who have been working on a full-time basis. We’ve also created a regime under which each part-time employee will meet with their supervisor to set an ongoing minimum guaranteed number of hours per pay period.
On the issue of your pension money: everyone who loaned money to the company in 2009-2011 will get back every dollar they’ve put in. We have given the company a break on the accrual of interest through to the end of 2014, but interest will accrue during the balance of the payback period, which goes until 2023. You can download the revised pension agreement here.
We’ll be holding pre-ratification meetings in locations across the country. You can also e-mail us your questions to email@example.com and we’ll respond as quickly as we can. An online ratification vote will take place before the end of the month; stay tuned for further details on the meetings, voting dates and procedure.