3. What is the $10,000 lump sum payment for and why has the Union agreed to a lump sum payment?

The Treasury Board authorized a lump sum pensionable payment of $10,000 for all active employees as a settlement to resolve issues related to the Bill 124 moderation period. Based on previous Bill 124 arbitration decisions, specifically the decision regarding Brighton Beach that awarded a 2.5% increase without any retroactive payment or damages, the Bargaining Committee felt that the lump sum payment was an acceptable path forward