Agreement includes changes to wages, pension plan
The Power Workers’ Union (PWU) recently ratified a contract with Ontario Power Generation (OPG).
The contract includes wage increases of one per cent for each year of three-year agreement. Additionally, changes were made to both benefits and pension contributions.
The new agreement will see employee pension contributions increasing by 2.75 per cent to create a more equitable sharing of pension costs between the employer and PWU staff, OPG said.
Conditions for an end to operations at the Pickering Nuclear Generating Station were also negotiated in the agreement.
These changes address several issues raised by external reviewers and expert panels, according to OPG president and CEO Tom Mitchell.
The agreement was reached through the bargaining process. The parties’ previous collective agreement expired on March 31, 2015.