CUPE's Strike and SAHO Pension |
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Nipawin - April 22, 2001 - by: Mario deSantis | |
direct |
Today, CUPE health care workers are on strike at some eighteen health care districts across |
the province(1). The main contentious issues are employee scheduling and pension. I am | |
happy that finally after years and years of pension mismanagement at the Saskatchewan | |
Association of Health organizations (SAHO), CUPE and other five unions are taking steps | |
to better their pension plan and to allow a more direct management of the over billion dollar | |
SAHO pension fund. | |
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plan be |
The SAHO pension plan is a bastardized version of an original pension plan which was |
designed to financially discriminate against union employees so that the top dogs of the | |
health care system could reap the benefit of their mismanagement(2). The health care | |
unions are right in demanding higher contributions for their pension plan especially so | |
when SAHO states that if the plan experiences a deficit, benefits would be reduced and | |
that if deficits continue, SAHO is recommending that the entire plan be terminated(3). | |
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incompetence |
The Saskatchewan Association of Health Organizations reduced pension benefits in |
early 90's and at that time I realized that the pension members at large were not properly | |
notified as per the plan document. Also, the fact that SAHO threatens the unions in | |
recommending a possible termination of the pension plan all together is a further | |
understanding of the utter ignorance and incompetence of the top dogs at the helm of | |
the health care leadership. | |
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money |
Therefore, I strongly advise the unions to strive for increased pension contributions, to |
have a direct say in the management of their pension plan and fund, and to definitely | |
change their pension plan from a formula plan to a money purchase plan(4) where there | |
would not be either any additional expense for actuarial consulting services or any deficit. | |
------------References/endnotes: | |
List of relevant political and economics articles http://ensign.ftlcomm.com | |
Strike! Health workers walk out, CBC Saskatchewan, June 8, 2001 http://sask.cbc.ca/cgi-bin/templates/view.cgi?/news/2001/06/08/otherunions010608 | |
A dangerous turn in the history of SAHO: from Hewitt Helmsing to Louise Simard, by Mario deSantis, April 11, 2000 | |
Unions warn of labour unrest unless improvements are made to SAHO Pension Plan, CUPE Saskatchewan News Release, June 4, 2001 http://www.cupe.sk.ca/nr-june4-01.htm | |
Pension formula plans: Are actuarial firms told to ass-u-me too much?, by Mario deSantis, January 15, 2001 |