YWG Finance Pension Seminars

PENSION SEMINARS – YWG FINANCE

Pension seminars are scheduled for all interested IAMAW Members employed by Air Canada.  The seminars will deal with the Air Canada Defined Benefit and MEPP pension plans for both ex-Cail and original Air Canada members

During the seminars we will explain the rules of the pension plans, the available pension options for retirement and termination as well as Air Canada’s post-retirement extended health and insurance benefits


The Canada Pension Plan, Old Age Security Retirement benefits will also be explained.  There will be an opportunity for individuals to ask questions, and we will endeavor to provide answers for all.  The seminars will run approximately 3 hours depending on the number of questions

Date:  Monday September 25 2023  –  Defined Benefit Plan
Time:  16:00

Date:  Tuesday September 26 2023 – MEPP
Time:  08:00

Location:  LL2603 Cafeteria
                Air Canada Building – 355 Portage Avenue

Parking:  Indigo behind the building or
               Portage Place Underground

All Members and spouses are welcome to attend.  Please register as soon as possible so we have enough handouts, coffee and snacks. Please provide your name, phone number and/or email contact and indicate which seminar you would like to attend.  Also, please be advised that attendance will be on your own time and will not be at the company expense.



RSVP
Myranda:  LL2603 Pension Rep:  easygreencleaning@gmail.com
or
Jordan:  LL2603 Shop Chair: iam2603@mts.net

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    Before January of 2021, companies applying for the EI Reduction required a Short-Term Disability plan (STD) that commenced after the fourteenth day of leave. The Government changed the eligibility to those companies with STD programs that begin after the seventh day. For this reason, the EFAP did not receive funding for the 2021 year.
    For many years, our members have enjoyed the comfort of chatting to a peer for assistance with their concerns. Sometimes this was a need to vent about the work environment. Other members’ needs were far more intricate and required the help of a professional. The EFAP has helped our members at all hours without fail, and the team of caring individuals wants to continue to support our friends and colleagues. Currently, there is enough funding to continue our EFAP work. However, our program will terminate early next year without additional EI Reduction monies. I have met with the Negotiations Committee about their thoughts on bargaining to change our current STD to the required seven days. I didn’t receive any indication if the committee would pursue this line of negotiation or not. Also, I am not sure that Air Canada will want to negotiate this item.
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    I realize this bulletin may generate many questions. Questions that we may not have the answers to right now. I will continue to update as I have more information. Today, we are business as usual, and your EFAP is still available to you for the foreseeable future.
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    Derrick Bashford
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    Dear Brothers and Sisters:

    District 140 Auditor Elections will be held at our upcoming DL140 Convention being held in Ottawa, Ontario on Tuesday, Wednesday & Thursday, October 25, 26 & 27, 2022.

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    (a) The Audit Committee shall consist of three (3) Secretary Treasurers, one per region of the Local Lodge affiliated with the District Lodge 140 and one (1) Trustee from the Executive Board.

    (b) The Audit Committee will be elected at the convention for a four (4) year term. If one (1) of the Auditors is defeated in Local Lodge office, his or her successor will become the Auditor for the balance of the four (4) year term.
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