Unifor members at GTAA convert DC pension plan to DB

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Wage increases and a new defined benefit pension plan are key highlights in a new collective agreement ratified by Unifor Local 2002 members employed by the Greater Toronto Airports Authority (GTAA) last week.

“As defined benefit pension plans come under attack from employers, it is an impressive achievement to bargain a new one,” said Jerry Dias, Unifor National President.

The new pension plan replaces the unit’s defined contribution plan, representing a significant boost for members’ retirement security. A pension plan conversion of this type is almost unheard of, and sets a new standard for modern airport worker contracts.

“The Bargaining Committee is to be commended for their determination in negotiating a progressive agreement that addresses members' interests and priorities. From the onset, the clear priority for the membership was that we negotiate a defined benefit pension plan,” said Euila Leonard, President of Unifor Local 2002.

Unifor Local 2002 also made progress on the long-standing campaign for fair wages airport-wide and an end to contract flipping. The new agreement includes a Letter of Understanding with the GTAA that re-tendered contracts must start at the wage level of the existing contract.

The collective agreement also includes 2 per cent wage increases in each year of the four years, which will go into effect on August 1.

At the GTAA Unifor represents more than 1,200 members employed in airside, facilities, operations, professional and support, and skilled trades.