Ontario Power GenerationProvincewide, Ontario (5,450 general tradesmen) and the Canadian Union of Public Employees02/01/2016|Canadian Labour Reporter|Last Updated: 02/01/2016 Renewal agreement: Effective April 1, 2015, to March 31, 2018. Signed on May 28, 2015. Wage adjustments: Effective April 1, 2015: 1%Effective April 1, 2016: 1%Effective April 1, 2017: 1%Paid holidays: 11 days. Vacations with pay: 2 weeks after 1 year, 3 weeks after 3 years, 4 weeks after 8 years, 5 weeks after 16 years and 6 weeks after 25 years. 1 day’s pay for each year of service beyond 25 years. Medical benefits: Coverage includes regular employees at existing benefit coverage for out of country coverage. $725 per person, per calendar year paramedical. $775 effective April 1, 2017. Pension: Employees contribute 1% below yearly maximum pensionable earnings and 1% above yearly maximum pensionable earnings. 1% and 1% effective April 1, 2016. 0.5% and 1% effective April 1, 2017. Sample rates of pay (current, after 1% increase):Band I: $18.77 per hour rising in 6 steps to $33.20Band II: $24.54 rising in 8 steps to $40.42Band III: $31.76 rising in 8 steps to $51.98Editor’s notes: Cost of living allowance: Inactive for the duration of the agreement. Lump-sum payments: 1% of salary for employees contributing to the pension plan as of April 1, 2015. 2% for employees who are still employed April 1, 2016, and contributing to the pension plan. Performance bonus: Employees contributing to the pension plan will participate in a share performance plan with Hydro One. Effective April 1, 2017, employees who are still active with less than 35 years of pensionable service will be allocated a maximum of 15 share awards. Share awards will be calculated each April as 2.75% of salary as of the initial share price date of April 1, 2015. The share awards will be paid in Hydro One stock with a value equal to the number of shares awarded multiplied by Hydro One share price at date of award. Employees will have the option of taking 50% of the award in cash. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.