On June 3, 2012, the University of Toronto Faculty Association (UTFA) reached a tentative agreement with the administration. The three-year deal includes across-the-board increases and temporary enhancements to progress-through-the-ranks worth 7.14 per cent over the course of the agreement. It also contain improvements to health benefits and increases sabbatical pay to 90 percent for people taking first sabbatical after tenure or after promotion to Senior Lecturer or permanent status Librarian.
The deal also includes an increase to employee pension contributions, worth about two per cent of salary. UTFA won a commitment from the employer to only use the increased contributions to meet current service cost obligations, not to offset employer contributions or pay down the plan deficit. The new contributions will be phased in over the three years.
The deal will go to the U of T Governing Council for ratification later this month.
This article originally appeared in the OCUFA Report. To receive stories like this every week in your inbox, please subscribe.