You probably received a letter in the mail from Canada Post with the subject: “Request for feedback on the Canada Post Pension Plan short-term solvency funding options.”
CUPW sees this letter as a violation of Article 3.01 (“Sole and exclusive bargaining agent”) of our collective agreements.
To inform you better, here’s some background on why Canada Post issued the letter, on the health of the Canada Post Corporation Pension Plan, and just what a solvency deficit is.
Our Canada Post Defined Benefit Pension Plan has a going concern surplus of $3.3 billion. This is very good news.