Collective Bargaining Update – July 22

The University and representatives of CAW Local 555, Unit 1 spent Monday and Tuesday of this week with the provincial conciliator. There have been a number of key developments:
September 1
The University continues to focus on finding a negotiated agreement and has tabled a new monetary offer with the union.
This offer provides members with:
More information about the monetary offer is available here.
There has been considerable discussion about the University's proposals on pensions and post retirement benefits.
CAW members are part of McMaster's Defined Benefit Pension Plan, which is the same Plan for all University managers, faculty and senior leaders. Under the University offer, there are no changes to union members' benefits and membership in the Plan. Existing contract language which requires union agreement prior to making any changes to the Plan will remain in place. A new retirement plan is proposed for employees hired after June 15, 2009.
Finding a resolution to the pension issue at the bargaining table has proven difficult. The University has recommended to the union that this issue be sent to third-party arbitration for resolution.