Minutes of a Meeting of the Executive Committee of the Retirees' Association held on Tuesday, July 13th, 2001 at 11.00 am in the Biology Building Room 225.

Present: Stan Cunningham (Chair), Alan Metcalfe, John Meyer, Phyllis Nolan and Datta Pillay ( Secretary)

Wilf Innerd.

Absent with Regrets: Kumar Chatterjee, Jerry Malone Absent: Don Briggs, Gino Fracas

1. Minutes of the meeting of June 12th, 2001 - On the motion of John Meyer and seconded by Alan Metcalfe, it was resolved that the minutes of the Executive Committee meeting of June 12th, 2001 be approved.

2. Business arising from the minutes - None.

3. Announcements - None

4. Correspondence - None

5. Report from Committees:

a) Contract Committee: Alan Metcalfe made a report on the recent Contract Settlement.

(1). Pension minimum guarantee formula for current retirees ( as July 1, 2001) will increase from 1.45% to 1.5%. This is at a cost of $ 800,000.00 to the University.

(2). For the current and future retirees, a third of the pension fund excess after deducting the contingency reserve up to $2.6 million will be placed in a new trust to be established by the University and the Faculty Association. The income from the trust will be used to help subsidize the cost of retiree benefits.

(3). The current suspension of pension contributions will continue until February 2002, at which time a member will contribute 3%. This level of partial contributions will continue until a further third of the funding excess is exhausted, at which time the member will contribute the full 6%. It is envisaged that this trust fund will enhance all retirees health benefits.

(4). Dental - no change, except the coverage for orthodontic work has been increased from $ 1500 to

$ 3000 for retirees.

Alan Metcalfe was very disappointed and angry that the Contract Committee has mislead him during their deliberations, to address the concerns of all retirees.

The Executive Committee then explored all options to seek answers for this irresponsible action by the Faculty Association and the University, for totally ignoring the concerns of retirees, after providing lip sympathy to the Retirees Association during the preparation of Contract terms.

The following options were discussed:

a) Make representation to the District labor Council

b) Whether, the University and the Faculty Association have a fiduciary responsibility to the retirees.

After considerable discussion the following two motions were approved:

Motion I - It was moved by Wilf Innerd and seconded by John Meyer that WURA should write a letter to WUFA indicating our extreme disappointment, over clauses 3 and 4 of the new contract and for not representing the retirees concerns. This action to be later followed by an approach to the District Labor Council.

Motion II - It was moved by Wilf Innerd, seconded by Alan Metcalfe, that WUFA should a strike a Committee to monitor the prospective Trust Fund with representatives from WURA. Further, that this committee should set up procedures for distributing the monies and also prepare the terms of reference for this Committee. The deadline for response from WUFA was two weeks - August second week.

Both motions were approved unanimously.

6. Other Business - None

Date of next Executive Committee meeting at the call of the Chair.

7. Adjournment. Meeting adjourned at 12.00 noon

Minutes of a Meeting of the Executive Committee of the Retirees' Association held on Friday, August 17th, 2001 at 2.00 pm in the Biology Building Room 225.

Present: Stan Cunningham (Chair), Don Briggs, Kumar Chatterjee, Jerry Malone, John Meyer, Phyllis Nolan, Wilf Innerd and Datta Pillay ( Secretary)

Absent with Regrets: Alan Metcalfe, Absent: Gino Fracas

1. Minutes of the meeting of July 13th, 2001 - On the motion of John Meyer and seconded by Jerry Malone, it was resolved that the minutes of the Executive Committee meeting of July 13, 2001 be approved.

2. Business arising from the minutes - Members complimented Stan Cunningham and Alan Metcalfe on their letters to Mr. Brian Brown President, WUFA. There was some discussion on the proposed Trust Funds.

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