Late Tuesday afternoon Canada Post issued a statement saying that the corporation and the union have reached a tentative deal.
The agreement is for a term of two years (usually 4) and covers a number of issues including pension and benefits. For urban workers wage increases of 1% effective February 1, 2016 and 1.5% effective February 1, 2017 and Cost of Living Allowance (COLA) for 2017 triggers at 2.67%.
Improvement to benefits include increasing dental plan from $1500 – $2000 per year, increase hearing aid coverage to $1,000.00 every five years and increase out-of-country coverage to $250,000.00.
The agreements must still be ratified by the 50,000 postal workers across the country.
-News4 Staff-
