Staff
The Canadian Federal Pilots Association, a union representing professional pilots employed in federal government aviation, and NAV Canada, the country’s private sector provider of civil air navigation services, have ratified a new collective agreement that includes pension plan revisions.
The introduction of a DB pension plan arrangement for new hires will be effective Jan. 1, 2014. The agreement also includes measures that will help to keep the DB pension plan for current employees sustainable over the long run.
Additionally, the new agreement includes retroactive wage increases of 1% applied to May 1, 2013, and Nov. 1, 2013. It also includes future wage increases of 2% that will be applied on May 1, 2014, and May 1, 2015.