Dalhousie faculty ratifies 3-year contract
Dalhousie University professors have ratified a new three-year collective agreement.
"I am pleased to say that of the 633 votes cast, 95 per cent were in favour of the deal," Anthony Stewart, president of the DFA, said in a news release Monday. "More than 73 per cent of those members eligible to vote did so."
A strike was averted when a tentative three-year agreement between both sides was reached March 11.
One of the main sticking points in negotiations was where the university was going to find $50 million a year to pay for pensions if the university ever shut down or went bankrupt.
Toward the end of the contract negotiations, the province announced it would change the rules around pension solvency and exempt Dalhousie from the pension test.
"Even though the province exempted university pension plans from the solvency test, the DFA pledged to increase our pension contributions in order to maintain the health of the plan," Stewart said.
Contributions will increase by two per cent beginning in 2012-13, but members will receive a two per cent pension contribution offset beginning in the 2012-13 year.
Faculty and the university have also agreed to set up a joint committee to study the pension plan.
The Dalhousie Faculty Association represents 875 professors, librarians and learning specialists.
Meanwhile, Dalhousie's 800 support staff are in a legal position to walk off the job Thursday.