Retirement Incentives- Interest Letter deadline extended to Friday January 8th, 2021

Brothers and Sisters,

The $40,000.00 lump-sum retirement incentive deadline (for the interest letter) has been extended to January 8, 2021. This has been done to ensure those who meet *Normal or **Regular Early retirement eligibility criteria are able to consider this one-time opportunity.

Minimum criteria to qualify for **Regular Early Retirement.

Prior to age 65 you are:

Age 60 or older with at least 10 years of Unifor/Ford pension credited service, or

Age 55 or older but under age 60 with combined years of age and Unifor/Ford pension credited service totaling 85 or more, or

Any age with 30 or more years of Unifor/Ford pension credited service.

Requirement to qualify for *Normal Retirement

Age 65 or older with Unifor/Ford pension credited service

If you have already received your Retirement Incentive letter in the mail and are interested in this opportunity, please make every attempt to return to Labour relations before December 23rd 2020.

 If for some reason you are unable to do so, Labour Relations will be open the week of January 4th, 2021 for employees to submit their responses in person. Additionally, responses may be emailed as an attachment to Receipt of email submissions will be confirmed by Labour Relations.  

Note: Blank response sheets are available in Labour Relations.

Also please note: The retirement window will commence January 1, 2021 and will be targeted for completion by July 1, 2021, predicated on operational requirements. The company will determine the release date for employees who are awarded a retirement incentive. Incentives will be awarded based on Company seniority.

Mark Sciberras


Unifor Local 707

Related Articles

PRESIDENT'S UPDATE Regarding Retirement Incentive Program- Jan 22 2021

For Local 707 Ford Members: SUBJECT: 2021 Retirement Incentive Program- Employee Declaration of Intent JANUARY 22, 2021 Members that previously…

Leadec Members January Report

Unifor Local 707 Greetings Sisters and Brothers of Unifor Local 707’s Leadec section. The work that has been done on…

Vice President's Report

Sisters and Brothers, As a local union, we are in no different position than most of society right now. People…

President's Message-Production Shutdown continues at Oakville Assembly Complex- January 14th, 2021

Brothers and Sisters, Today the company has announced that they plan to further postpone production at the Oakville Assembly Complex,…

Unifor NHL Fantasy Hockey Pool

This year has been an incredibly tough year for our National Recreation Council. With the restrictions in place due to…

Unifor McMaster Labour Studies Courses - Spring 2021

Bryce Thompson Education Chairperson Sisters and Brothers,Please see the 2 attachments regarding upcoming McMaster Labour Studies programs for Spring courses…

Sign up for our Newsletter

Get the latest update.