TO ALL IAMAW MEMBERS
AIR CANADA TMOS
PENSION CAP RETROACTIVITY
Dear Brothers and Sisters,
After an arduous and protracted process dating back to March of 2019, the interest
arbitration stage under the terms of Appendix XXXXIV has now concluded.
Arbitrator Vince Ready has ruled in favour of the Union and ordered the pension cap
increase retroactive to the effective date of the Collective Agreement, April 1, 2019.
Details regarding the process and timelines for members who wish to make retroactive
contributions on their eligible pensionable earnings will be communicated as they
become available. Those Members who previously elected to retire under the Early
Retirement Incentive Program (ERIP) are eligible for buyback, if they so choose.
Our intention is to finalize the new Collective Agreement and have a detailed summary
package out to the Membership as soon as possible. The IAMAW has reached out to
Air Canada Labour Relations and proposed meeting dates in September. We are
awaiting their response.