The ratification vote was held Tuesday through Thursday this week, and 92.4 % of ballots cast were in favour of the agreement.
We know this vote took place under far less than ideal circumstances, and thank all members who cast ballots, regardless of which direction you voted.
The tentative agreement is conditional on a successful merger with the Jointly-Sponsored Pension Plan of the Colleges of Applied Arts and Technology (CAAT) – The terms include:
– a one-year extension of the current collective agreement until December 31, 2019
– a wage increase of 1% at the date of merger
– a contribution rate of 7% by the members, which is matched by the Employer
– a 2% interest rate for 2019 for money owed by CP under the Employee Participation Program (EPP)
-an option to start EPP payments in 2020 as buy back of past pension service, upon terms to be negotiated between the parties
If the merger is not successful, the parties will resume full bargaining for the renewal of the collective agreement.
Member participation throughout this process has been invaluable, and we will keep you informed of developments.
Terry Pedwell, CP Branch President, Canadian Media Guild (CMG)
Olivier Desharnais-Roy, CMG Staff Representative