Published: December 8th 2014 | Source: TCRC West
Consolidated Collective Agreement and a commuted value...
Please see the attached Arbitration award regarding the Consolidated
Collective Agreement and a Mediated Settlement for the commuted value
for a terminally ill employee.
As you will recall, two outstanding issues remained from the December
2012 Kaplan Arbitration. Commuted value for terminally ill employees and
the Company’s demand to execute a Consolidated Collective Agreement. An
Arbitration was scheduled on November 19 in Toronto to bring finality to
The issue of commuted value was resolved during a
mediation session with the parties before Mr. Kaplan and the attached
document is a reproduction of the original hand written settlement. Now,
the document will have to be converted into a pension amendment that
will have to go through the pension committee and ultimately approved by
Office of the Superintendent of Financial Institutions (OSFI).
Essentially, the agreement allows for a terminally ill employee to
receive the commuted value of his pension dependent upon his years of
The Consolidated Collective Agreement went to a hearing
and the award is attached for your perusal. Essentially, Arbitrator
Kaplan did not grant the employer request in his award (Dec 2012) and
therefore there is nothing for him to implement in the present
circumstances. We will keep you all apprised of any new developments in
Should you have any questions or concerns please
feel free to contact the respective office.
Dave Fulton, General Chairman - CTY West
Greg Edwards, General
Chairman - LE West
Bruce Hiller, General Chairman - CTY East
Benoit Brunet, General Chairman - LE East