As the new contract doesn’t bring back the defined-benefit pension plan that got frozen nearly ten years ago, it does improve the matching contributions for employees’ 401(k) plans. The average yearly salary for machinists is expected to jump from $75,608 to $119,309 over the course of the contract.
In an equitable society, everyone should have equal access to these government institutions to allow equal competition but to also limit interference with these institutions.
The primary objectives of the consultative workshops include providing feedback on issues raised during last year's budget consultations, discussions about the budget strategy for FY 2025/26, and discussions about the strategic direction of the NDP4, the 10-fold growth strategy, and how this will translate into local economic growth.