University responds to latest WLUFA newsletter
In its January 24 newsletter, the Wilfrid Laurier University Faculty Association (WLUFA) continues to misrepresent the University's actions and position in the current round of bargaining. WLUFA also misrepresents the pension problems and financial challenges. This ongoing mischaracterization and the aggressive strike-readiness activities described in their document are particularly worrisome at this critical juncture in negotiations.
The university is extremely serious about trying to reach a negotiated deal without job action. Given the misinformation and alarming tone contained in recent WLUFA newsletters, the University must question whether WLUFA has a totally different agenda.
For more information on negotiations, including detailed responses to WLUFA newsletters and more information on the issues below, please visit the University’s Negotiations Update website.Key contextual issues are listed below:
- The University is facing serious financial challenges. The uncertainty of funding remains a constant concern.
- Laurier has one pension plan for all employees. The pension challenges are real. They affect us all.
- The current pension plan design is not sustainable. We currently have less than 80 cents for every dollar owed.
- The pension problem was not caused by University contribution holidays.
- Nearly every pension plan in Canada is experiencing significant funding issues as a result of economic forces - low interest rates and the 2008 stock market collapse.
- Other universities have made changes to their plans and increased contributions to address the widespread pension problem. See details here.
- The teaching stream works for everyone – students and faculty.
- Salary wise, the University’s faculty members are close to the provincial average when you compare salary by years of experience.