2016

Members to Decide on Air Canada Deal
News Releases

Friday January 8, 2016 For Immediate Release   Toronto, On – Members of the International Association of Machinists and Aerospace Workers (IAM) employed at Air Canada will begin voting next week on a new 10-year collective agreement. “This is a good deal that addresses the concerns of our membership,” explained IAM Transportation District 140 President and Directing General Chairperson Fred Hospes. “Now we begin the process of explaining the details

Useful Numbers 2016 - by Louis Erlichman
Campaigns

A. PENSIONS: 1.  OLD AGE SECURITY BENEFIT (Monthly, at age 65, January/2016)    $570.52     -adjusted quarterly OAS/GIS can be deferred up to 5 years (to age 70), with an increase of 0.6% for each month of deferral 2.  CANADA/QUEBEC PENSION PLAN (2016)    * Maximum Monthly Retirement Benefit at age 65 $1,092.50 [Reduction of 0.60 per month for retirement 60-64;  Increase of 0.70% per month for retirement 65-70]