The Nova Scotia Government and General Employees Union(NSGEU)has released details of a pension agreement negotiated last month by five unions and the Nova Scotia Association of Health Organizations.

The employers are committed to contribute an additional 1.4% of payroll to the plan.

“Any further cost increases will be equally shared by employers and plan members, leaving the employer with a permanent obligation to contribute 1.4% more than the employees—unless the cost of running the plan actually declines,” the union said in a statement.

The deal is subject to the ratification of a new contract with one of the unions involved in the negotiations, the Canadian Auto Workers. The Canadian Union of Public Employees ratified their agreement earlier today.

To comment on this story email craig.sebastiano@rci.rogers.com.

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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