Five-year collective agreements are in place between all of Alberta’s 62 school boards and local teachers’ bargaining units, which was a requirement of the memorandum of agreement between the government and the Alberta Teachers’ Association (ATA) to address the teachers’ unfunded pension liability.

“This is a historic day,” says the province’s premier, Ed Stelmach. “School boards and the Alberta Teachers’ Association are to be congratulated for meeting the January 31 timeline to resolve the longstanding teachers’ pension issue.”

On Nov. 15, the provincial government announced a memorandum of agreement with the ATA to address the $2.1 billion teachers’ pre-1992 unfunded pension liability.

A key condition of the teachers’ pension liability agreement was the requirement for collective agreements between the 62 publicly elected school boards and the local teachers’ bargaining units by the deadline.

For background information on this story, click here to read Alberta Teachers Tentatively Approve Pension Deal.

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

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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