Published: May 22nd 6th 2015 | Source: TCRC West
Signed agreement with respect to terminally ill employees...
Brothers and Sisters,
Attached is a recently signed agreement with respect to terminally ill employees and changes to their pension options. As you will recall, in 2012, Arbitrator Kaplan awarded the following under Item 6 Pension:
Commuted value for employees determined to be terminally ill with a life expectancy of one year or less based on the medical decision of the Chief Medical Officer. Details to be jointly worked out.
In November 2014, we scheduled an arbitrator on the issue to finalize the details of the pension option. Prior to the arbitration hearing, an agreement was reached on the remaining outstanding issues. Since that time the pension amendment and the detailed agreement including benefits has been developed and approved. Effective May 1, 2015, this option was amended and approved by the Pension committee. This additional pension option provides a terminally ill employee the benefit of knowing with certainty what is being left for his/her family at a very difficult and trying time.
If you have any members in this situation and questions regarding the agreement or the application, please contact our office.
General Chairman - CTY West
General Chairman - LE West
General Chairman - CTY East
General Chairman - LE East
|cc: Mr. Douglas Finnson, President TCRC|