LABOUR BOARD RULING LEAVES PENSION BYLAW INTACT

The Saskatchewan Labour Relations Board (LRB) today ruled it will not be asking the City to undo the changes contained in the General Superannuation Bylaw No. 9224 adopted by City Council on September 22, 2014.  The bylaw approved by City Council will be left intact and the City will proceed with implementing the amendments with the exception of Transit union members for the four-month statutory freeze period.

“The LRB did not set aside the pension bylaw,” says City Solicitor Patricia Warwick.  “The board said it would not undo the pension amendments passed by City Council on September 22, 2014 and said it would read down those amendments for Transit union members for the statutory freeze period.”

“In other words, during the period of June 3 to October 3, 2014, Transit union members will be treated as if the pension amendments were not made,” Warwick says.  “The City will have to abide by previous pension guidelines for any Transit union members between June 3 and October 3, 2014.”

This also means there is no pension deficit, and the General Pension Plan is protected.  Prior to the September 2014 bylaw changes, the total general pension plan deficit was $68M and the Transit union’s portion of the deficit was $7M.

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