Ottawa, ON – The people at Canadian Bank Note responsible for technical maintenance and performance of the high end printing equipment critical to the production of Canadian paper currency and security papers have a new four-year collective agreement. “With the wage adjustment won upon ratification of this agreement, this is a great deal for our members and they’re very pleased with it,” said a gratified Bill Shipman, IAMAW Grand Lodge
Ottawa, ON – Employees at the Villa Orléans Retirement Home in the nation’s capital have become the newest members of the International Association of Machinists and Aerospace Workers. The 60 workers at the retirement home consist of personal support workers, kitchen and house keeping staff. They will become members of IAMAW Local Lodge 1295. The IAMAW also represents workers at retirement homes in North Bay, Stratford and Toronto. IAMAW, among
Most Canadians depend on public pensions – Old Age Security, the Canada/Quebec Pension Plan and Guaranteed Income Supplement – to provide for their basic needs in retirement. Unfortunately, public pensions currently barely bring most older Canadians up to the poverty level. A large proportion (over a third) of seniors have no significant additional retirement income, from workplace pensions or RRSPs and other savings. As employers cut back on workplace pension
Many Canadians invest their retirement and other savings in mutual funds, frequently on the advice of “financial advisors”/mutual fund salespersons. Remarkably, a lot of these Canadians don’t know how much they are paying in fees, and even more important, how big a bite even seemingly small annual fees can take out of their savings. Canadian mutual funds charge the highest fees of any advanced country. Over the 30 or more
