The McMaster University Faculty Association (MUFA) has ratified a new, four-year agreement with their administration. The new deal includes a 1% pension offset in year one; a lump sum of $1250 and a 1% pension offset in year two; and 1.5% increases in year three and four, with lump sums of $1850 and $1925 respectively. The pension offsets compensate for an increase in pension contributions for MUFA members.
The agreement also includes enhancements to medical and dental benefits, as well as a new structure for professional development allowances.
According to MUFA’s memorandum of understanding with their administration, the deal does not need to be ratified by the Board of Governors and will take effect on July 1, 2013.