District Bulletin 20 – AIR CANADA IAMAW LAY OFF MITIGATION PROGRAM (PENSION) MOA EXPLANATION DOCUMENT

With reference to DL140 Bulletin No. 019 – 2021, this document is written to more fully explain the options provided to our members under the terms of the April 9, 2021, Lay Off Mitigation Program (Pension) Memorandum of Agreement between the IAMAW and Air Canada.

Specifically, this Pension MOA provides our members with an option for either an additional “Temporary Pension” under Section II of the MOA or an “Unreduced Pension from 55/80” under Section III of the MOA.

This Pension MOA is applicable to all IAMAW members within all three (3) of the Air Canada IAMAW Clerical, Finance and TMOS bargaining units who are members of the legacy Air Canada Defined Benefit pension plan.  Read Bulletin here…