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CLS Catering: Pension Update for Members

Feb 2, 2012 at 3:15pm

On January 10th the membership from CLS Catering attended meetings to discuss any issues that were of concern to them. Additionally they received further clarification regarding their CWIPP pension statement as well as their options going forward. Their pension plan is fully funded through employer contributions and administered through Canadian Labour Congress representation. Like all investment vehicles over the last few years, CWIPP also faced tough challenges through the global economic crisis and lowered interest rates.

No one appreciates hearing of poorer returns than expected. However, members expressed their gratitude over having additional clarification over what happens and how the initial offer was the least obtrusive into members' lives. They also acknowledged how they can now better plan for the future, both personally and collectively.



For more information, please contact:
Darryl Draeger, Executive Assistant, CAW Local 2002