ILWU Canada has issued a bulletin detailing changes to the Pension Plan for 2026 as negotiated by the Trustees:
$120,000 in earnings required for a full pension year
$3,600 is your maximum contribution for the year
$7,000 is the max pension benefit for members retiring in 2026 based on 35 years x $200 (up from $190)
Pensioners already collecting their pension will receive a 1.9% increase to their pension
A minimum of 25% of the earning limit will be needed to qualify for a partial pensionable year ($30,000)
PLEASE REVIEW THE BULLETIN ATTACHED BELOW FOR FULL DETAILS