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The campaign for retiree pension benefits was strong and effective forcing the government to negotiate.
In a letter to members in the OPSEU Pension Trust pension plan, Warren (Smokey) Thomas, announced that an agreement, ratified by the government today:
1. OPTrust members who are currently working and have at least 10 years of service when they retire on or after January 1, 2017 will be able to choose between:
a. paying half the cost of their benefit premiums under the existing benefit plan (“Plan A”) OR
b. receiving a modified benefits package (“Plan B”) at no charge.
2. OPTrust members who retire before January 1, 2017 will continue to receive the existing plan (Plan A) at no charge. This is unchanged from the original proposal the government tabled in 2014.
3. OPTrust members who retired after February 18, 2014 will be eligible to apply to restricted competitions in their OPSEU bargaining unit with their seniority intact as if they were still working, up until December 31, 2017.