The Yukon Hospital Corporation (YHC) management has not been transparent regarding the surplus of funds in the YHC Pension Plan.
Please read the full media release here.
Management knew about the surplus, but they did not disclose it at the bargaining table.
Here is the letter written to Y025 members by YEU President, Justin Lemphers, about what we learned through Access to Information and Protection of Privacy (ATIPP) requests.
We also know that the employer received a recommendation during bargaining to change the plan text to benefit the employer only. Meaning, management would be allowed to take a contribution holiday without employees being afforded the same privilege.
We secured this agreement to protect the workers from that scenario.
A Memorandum of Understanding was secured by the unions for the new health authority transition, but the union cannot consider YHC management to be a trusted partner in light of concerns about their practices.