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The PWU Hydro One Collective Agreement 2018: An Overview
The Power Workers` Union (PWU) and Hydro One Inc. have agreed to a new collective agreement effective January 2018. The agreement covers approximately 4,500 unionized employees in various bargaining units. It has a term of three years and will expire on December 31, 2020.
Key Features of the Agreement
Wages: The agreement includes wage increases for unionized employees, with the first increase being effective January 1, 2018, and the second and third increases being effective on January 1, 2019, and January 1, 2020, respectively. The increases range from 1.75% to 2.25% per year, depending on the employee`s job classification.
Pension: The agreement also includes improvements to the pension plan, including an increase in the employer`s contribution rate. The employer`s contribution rate will increase by 0.25% per year until it reaches 7.5% in 2020. The employee`s contribution rate will remain unchanged.
Benefits: The agreement maintains the existing benefits package and introduces a new long-term disability plan for employees hired on or after January 1, 2018.
Job Security: The agreement includes provisions for job security, such as a no-layoff clause for unionized employees during the term of the agreement.
Labour Relations: The agreement includes a labour-management cooperation committee to promote constructive relations between the union and management.
The PWU Hydro One Collective Agreement 2018 provides job security and benefits for unionized employees in the Hydro One workforce. The agreement includes wage increases and improvements to the pension plan, which should provide financial security for employees in the coming years. The agreement also maintains the existing benefits package and introduces a new long-term disability plan, which should provide peace of mind for employees and their families.