Essential Services Tribunal Hearing Update

cupe1975Bargaining Updates, Negotiations/Bargaining

The Essential Services Tribunal hearing commenced on March 26-28.  During those three days, testimony was provided by five of the ten employer witnesses.  We are in the process of setting additional dates to continue the hearing.  Once the University’s witnesses are finished, CUPE will submit its evidence.  We will continue to update you throughout the process.  

MYTHS ABOUT OUR PENSION PLAN (6)

cupe1975Negotiations/Bargaining, Pensions

MYTH The University is offering a “competitive pension plan”                                                                                                                    FACT The University has offered two different pension plans (Defined Contribution or Target Benefit) that share the same basic legal structure. In both proposed plans: 1) the University bears no risks and 2) plan members bear all of the risks. This is a complete change from your current DB plan, which … Read More

MYTHS ABOUT OUR PENSION PLAN (5)

cupe1975Negotiations/Bargaining, Pensions

MYTH “This pension plan is in a deficit and running an annual shortfall”  FACT After nine years of being in deficit, the interim 2017 valuation revealed that the plan is now back in surplus (103% funded, $12 million surplus) on the actuary’s best estimate basis. If a 5% funding buffer (or “margin”) is added to artificially inflate the plan’s liabilities, … Read More

MYTHS ABOUT OUR PENSION PLAN (4)

cupe1975Negotiations/Bargaining, Pensions

MYTH “These significant additional contributions are expected to continue into the future under the pension’s current structure” FACT This is not true. The most recent actuarial report shows that University contributions have already come down significantly, with further reductions projected for the coming years. For example, in 2017, the employer required contribution to the plan was 16.14% of payroll. In … Read More

Labour Relations Board Update!

cupe1975Negotiations/Bargaining

Labour Relations Board Update! The Saskatchewan Labour Relations Board has ruled that CUPE Local 1975 is allowed to withdraw from the Scope application, LRB File No. 120-12. This removes one of our legal barriers to taking job action. The Union  will be in front of the Essential Services Tribunal on March 26-28. CUPE’s position is that the University of Saskatchewan … Read More

MYTHS ABOUT OUR PENSION PLAN (3)

cupe1975Negotiations/Bargaining, Pensions

MYTH “The university did not take a contribution holiday.”  FACT The University took 17 years of partial contribution holidays between 1993-2009. The University is required to file papers with pension regulators each year, which clearly show these holidays. The Union has copies of all of these records. During this period, the employer diverted funds from the pension fund surplus to … Read More

MYTHS ABOUT OUR PENSION PLAN (2)

cupe1975Negotiations/Bargaining, Pensions

MYTH Public sector workers like University workers have “gold plated pensions” FACT The plan pays a modest average annual pension of $18,100. The plan also does not provide guaranteed cost-of-living increases for retirees (also known as “indexation”). Indexation is provided on an ad hoc basis and has generally been delivered out of surplus, when surplus exists. As the cost of … Read More

MYTHS ABOUT OUR PENSION PLAN (1)

cupe1975Negotiations/Bargaining, Pensions

MYTHS ABOUT THE PLAN  MYTH: The pension plan is not sustainable FACT Your pension plan is sustainable. Your plan is not broken, nor is it in crisis. Language like this is used by employers to convince you that we need to abandon the pension to save the pension. This is untrue ideological language that the Employer is using to advance … Read More