Dear Brothers and Sisters: The last few weeks have been trying times for all of us with the onset of a serious pandemic virus originating in Wuhan Province in China. Just recently, the World Health Organization announced that it was escalating the status to a pandemic. It is normal for you to be worried and concerned about your families, particularly when sport leagues like the NBA, the NHL, the MLB etc. have suspended play with no known dates for competition to resume. We see it at grocery stores and drug […]
Dear Brothers and Sisters:
The last few weeks have been trying times for all of us with the onset of a serious pandemic virus originating in Wuhan Province in China. Just recently, the World Health Organization announced that it was escalating the status to a pandemic.
It is normal for you to be worried and concerned about your families, particularly when sport leagues like the NBA, the NHL, the MLB etc. have suspended play with no known dates for competition to resume.
We see it at grocery stores and drug stores where full-blown panic has ensued with impulse buying and shortages of masks, hand sanitizers, toilet paper, canned goods, and dry goods. Even when you are out and about people look worried. The full extent can be felt around the world in places like Italy, China, South Korea, Iran, and the United States. Our hearts go out to members who have family in these places.
We are working hard at Local 793, at OETIO, and at OEBAC to ensure that you are not going to experience interruption in benefit payments, pension payments and other important investments you have made in the Union.
We are not in a normal “Business as Usual” environment. We have listened carefully to the statements from the Federal and Provincial Health Agencies of government, the World Health Organization, the Public Health Agency of Canada, and the U.S. Center for Disease Control and Prevention. We have been tracking these carefully and have sought to minimize risk to staff and members and their families.
This is why I made the decision to cancel our participation in the Toronto St. Patrick’s Day parade where 400 members had registered to attend. Subsequently, the Toronto Parade has been cancelled, in fact, all St. Patrick’s Day parades have been cancelled.
We are all worried about the impact on our economy and other nations’ economy. I am sure you are worried about your pension with market reactions since mid-February.
We are strong. We are stronger than we were in 2008. We get stronger every year. Our pension fund is stronger, our benefit fund is stronger, our training fund is stronger. We will be okay. I have asked Eckler Ltd., our actuary, to prepare a report for our Pension Trustees. Our plan asset allocation is appropriate. Fifty percent of our investments are in cash, bonds, real estate and infrastructure. These measures were taken in 2008 to ensure that our returns would be good despite any market fluctuations.
I have consulted with our Benefit Trustees and met with the Executive Board today, and as a result, I announce some temporary and necessary measures and some benefit plan improvements that will help you.
Members of Local 793 have always been there for the Local. We are here for you now.
The Executive Board has agreed to these necessary actions to protect our members:
1. All monthly district meetings have been hereby suspended until further notice.
2. Special Executive Board and General Membership meetings scheduled for March 21and 22, 2020 have been cancelled.
At a future meeting, to be scheduled, the Executive Board will determine based on a further risk assessment when it will be safe to reschedule these meetings.
We hope the suspension of meetings will only be in place for March and April. This will be extended if necessary.
We will continue to provide you with information through our website, Facebook, and through mass emails.
We ask you not to come to Local 793 union or OEBAC offices at this time. Federal Minister of Health, Patty Hajdu has said that 30 – 70% of Canadians will become ill from COVID-19. Our goal is to mitigate this. We want as few members and staff as possible to get this. I need your understanding to achieve this.
Use our online services on our website. Call, email or text. If a member does not have access to a computer and needs help, call your local area business representative. They will arrange to assist you. This is also a temporary measure.
Every member in good standing will receive a $250.00 Gift Card from Loblaws to assist in costs of hand sanitizer, etc. These will be mailed in the next two weeks. This will help with any extra COVID-19 related expenses.
Also, because of the stressful times this is causing, the benefit trustees have approved the following benefit plan improvements:
1. Benefit coverage for the services of a registered psychologist/psychotherapist/social worker has been increased from $1,000 per calendar year to $2,000 per calendar year – as well as the $500 assessment for a total of $2,500.
2. Short Term Disability will be increased from $575 per week to $800 per week.
I ask for your patience and support for our actions.
Fraternally Yours,
Mike Gallagher
Business Manager, IUOE Local 793