As part of our agreement to extend the 2010 – 2013 Collective Agreement, we committed to enter into negotiations immediately regarding retirement initiatives. We are pleased to advise that we have reached a tentative agreement regarding retirement initiatives and on July 9, 2013, the Negotiating Teams for the USFA and the University signed off on language.
The tentative agreement deals with three retirement initiatives. The first is a one-time incentive plan for retirement, the second is a new reduced appointment plan linked to retirement, and the third is related to notice for retirement.
The USFA Executive Committee is recommending ratification and a special general membership meeting is being scheduled in early September for that purpose.
The full proposals and details related to those proposals will be forwarded to members in the next few weeks.