Members of the Treasury Board Operational Services (SV) bargaining group have voted in favour of arbitration as a dispute resolution process for the next round of bargaining set to begin later this year.
A pension offers financial security by providing steady income and peace of mind during retirement. While defined contribution (DC) plans are common in Canada, they are less reliable compared to defined benefit (DB) plans. DB plans guarantee retirees a predictable income for life, offering stability and protection throughout their retirement.
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