GM, Unifor agreement includes benefits, pension gains
The union representing more than 4,600 General Motors Co. employees in Ontario has ratified a new three-year collective agreement that includes benefits and pension gains.
Effective Jan. 1, 2027, the defined benefit pension monthly basic benefit rate will increase by $3 and the special allowance will increase by $150 for all pension classes covered by the agreement.
The agreement also removes the 2,080-hour cap on required contributions for employees enrolled in the Colleges of Applied Arts and Technology’s DBplus pension plan. Based on a base pay rate of $44.52 per hour, employees will contribute roughly $2,900 extra to the plan each year.
Read: GM, Unifor agreement includes transition to CAAT DBplus........
