The City of Toronto and Local 416 have recently agreed to a new collective agreement that will govern the terms and conditions of employment for workers in various departments of the city. This agreement is significant as it affects close to 7,000 employees who are members of Local 416.
The new agreement, which was ratified in December 2020, covers a period of three years from January 1, 2020, to December 31, 2022. It includes several key provisions that will impact both workers and the city.
One of the major changes in the new agreement is the introduction of a wage increase for workers. The agreement provides for a 2% increase in wages in each of the three years of the contract. This increase will help compensate workers for the rising cost of living in the city and will also help to retain them in their jobs.
The new agreement also includes provisions related to job security. The city has agreed to maintain a workforce reduction program that will only be implemented in cases where it is necessary to address budgetary constraints. Moreover, any affected employees will be given the opportunity to transfer to another position within the city.
Another significant provision in the agreement relates to health benefits. The city has agreed to maintain the current level of benefits, including vision, dental, and prescription drugs. Additionally, workers will be able to choose from a range of flexible benefits options to customize their coverage.
The new agreement also addresses issues related to pensions. The city has agreed to maintain the current defined benefit pension plan, which provides workers with a secure retirement income. Moreover, the agreement includes provisions that will help address the sustainability of the pension plan over the long-term.
In conclusion, the new collective agreement between the City of Toronto and Local 416 is an important development for both workers and the city. It provides for wage increases, job security, health benefits, and pension sustainability. These provisions will help ensure that workers are fairly compensated for their work and that the city can continue to deliver high-quality services to its residents.