Royal Canadian Mint tentative agreement and ratification votes

Earlier this summer, PSAC’s bargaining team reached a tentative agreement with the Royal Canadian Mint that secures fair wages, better work-life balance and improves job security.  

Over the coming weeks, Royal Canadian Mint members will be invited to participate in ratification votes.  

The Royal Canadian Mint bargaining team unanimously recommends ratification of the agreement. A full ratification kit will be available in the coming days.  

Summary of the tentative agreement 

Wage Increases 

 Your bargaining team negotiated wage increases totaling 12.6%, compounded over the life of the agreement (retroactive from January 1, 2022, to January 1, 2025).  

Year of the agreement  

Jan 1, 2022  

Jan 1, 2023  

Jan 1, 2024 

Jan 1, 2025 

Total  

Wage increase  

4.75% 

3.5% 

2.25% 

1.5%  

12%  

Total compounded wage increase 

4.75% 

8.4% 

10.85% 

12.6% 

12.6% 

In addition, your bargaining team also negotiated a one-time lump sum payment of $2,500 for every member at the time of signing the agreement and a shift premium increase, from $2 per hour to $2.25 per hour, effective upon ratification.  

Other improvements to the Royal Canadian Mint collective agreement include: 

  • New and improved language on Remote work Policy that requires union consultation prior to making any changes to the policy 

  • Increase in vacation carryover from 5 to 7 days 

  • More clarity on term employees 

Next steps 

Ratification votes will be held in September 2023 during two in-person sessions: 

  • September 19 in Winnipeg, Manitoba 

  • September 21 in Ottawa, Ontario  

Ratification is an essential part of the bargaining process and more details will be provided soon along with details on how to register. 

To ensure that you receive all updates and can participate in voting, please update your contact information in by filling out a PSAC membership form to update your contact information or get in touch with your PSAC Regional Office.  

 

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August 24, 2023