This communication is intended to provide our members with a more detailed explanation and a better understanding of both the 2009 Share Trust Agreement and the November 2021 Share Trust Repurposing Agreement.
These agreements are narrowly focused and while they will provide a benefit for most of our active members and all of our pensioners, they will not provide a benefit for all of our active members. In 2009, all IAMAW members employed by Air Canada were members of the Defined Benefit pension plan. The original 2009 Share Trust Agreement provided additional funding security to all of Air Canada’s Defined Benefit pension plans, and by extension, to all IAMAW active members and pensioners at that time.
