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RECOMMENDATION:

Adopt all previously agreed to language detailed from the National Pattern. Includes wage increase over agreement:
• Year 1: 2.5% (as per National Pattern)
• Year 2: 2.75% (as per National Pattern)
• Year 3: 3.00% (as per National Pattern)
• Year 4: 3.5% (as per National Pattern)

CO-OP OFFER: Accepted and enhanced

Accepted National Pattern and extended National Pattern wages for three more years. Represents seven-year deal.
• Year 5: 1% (or National Pattern, whichever is higher)
• Year 6: 1% (or National Pattern, whichever is higher)
• Year 7: 1% (or National Pattern, whichever is higher

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RECOMMENDATION:
Domestic Violence and Women’s advocate role

CO-OP OFFER: Accepted
Agreed to two-year pilot

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RECOMMENDATION:
Eliminate minimum staffing requirement in LOU 58

CO-OP OFFER: Accepted

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RECOMMENDATION:
Eliminate LOU 59 to provide greater flexibility in the assignment of work

CO-OP OFFER: Accepted

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RECOMMENDATION:
No change to provisions of Article 2

CO-OP OFFER: Accepted

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RECOMMENDATION:
Maintain bargaining unit MO classification

CO-OP OFFER: Accepted

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RECOMMENDATION:
Effective on ratification, employees enrolled in the DB Plan will commence contributing 4% of final average earnings as employee contributions into the DB Plan.

CO-OP OFFER: Accepted and enhanced
Co-op continues to offer employee choice between Defined Benefit Plan or Defined Contribution Plan. Choice to be made effective Dec. 31, 2020.

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RECOMMENDATION:
As of Feb. 1, 2022, members of the DB Plan will commence contributing 8% of final average earnings as employee contributions into the DB Plan.

CO-OP OFFER: Modified

• 8% effective Feb. 1, 2021.
• 50-50 share of current service costs effective Feb. 1, 2022 (estimated employee contribution rate of 9.75% based on 19.5% current service cost with no indexation)

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RECOMMENDATION:
The accrual rate be maintained at 2% of final average earnings with no CPP-related reduction applied at age 65 as presently exists in the DB Plan.

CO-OP OFFER: Modified
No change to current collective agreement language.

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RECOMMENDATION:
No indexation on post June 30, 2020 service and CPI capped at a maximum of 2% for pre-July 1, 2020 service.

CO-OP OFFER: Enhanced
Extends indexation preservation period to align with plan transition date of Dec. 31, 2020

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RECOMMENDATION:
Maintain Savings Plan

CO-OP OFFER: Modified
Choice between modified Savings Plan (4% matching, minor changes to earnings definition) or Performance Plan. Choice to be made Oct. 30, 2020

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RECOMMENDATION:
Steam ticket premium

CO-OP OFFER: Accepted

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RECOMMENDATION:
Life insurance coverage

CO-OP OFFER: Accepted

DC Pension Choice

Employees have been offered the choice of our Defined Contribution (DC) Pension Plan or to contribute to their current Defined Benefit (DB) Pension Plan. The following are examples of the DC option.

Employee 1 is 36 and has been working at the refinery for seven years. Their average best earnings over 36 months is $95,000. They’re eligible for their full pension at age 59.

Commuted Value1	$426,000
Retirement Allowance2	$103,320
Defined Contribution3	$712,000
TOTAL	$1,241,320

Employee 2 is 40 and has been working at the refinery for 13 years. Their average best earnings over 36 months is $105,000. They’re eligible for their full pension at age 57.

Commuted Value1	$658,000
Retirement Allowance2	$262,080
Defined Contribution3	$460,000
TOTAL	$1,380,080

Employee 3 is 53 and has been working at the refinery for 32 years. Their average best earnings over 36 months is $115,000. They’re eligible for their full pension at age 55.

Commuted Value1	$989,000
Retirement Allowance2	$742,400
Defined Contribution3	$34,300
TOTAL	$1,765,700