Treasury Board President Welcomes Ratification of New Collective Agreement by Canada's Financial Officers



    OTTAWA, June 2 /CNW Telbec/ - The Honourable Vic Toews, President of the
Treasury Board, today released the following statement after negotiations were
concluded with the Association of Canadian Financial Officers that represents
the Financial Management (FI) Group:
    "I am very pleased that we have reached an agreement with the Association
of Canadian Financial Officers and that Canada's Financial Officers have voted
in favour of this new collective agreement.
    As an integral part of the new collective agreement, the offer represents
a total cumulative economic increase of 4.6 per cent over two years, that is
to say, 2.3 per cent for each year. The agreement also maintains the group's
professional allowance, enabling financial management employees to uphold
their professional accreditation.
    This proposal is fair to employees and affordable for Canadians, and
reflects our commitment to manage every tax dollar responsibly and
effectively.
    Responsible management of compensation is critical to attracting and
retaining highly qualified employees, supporting public service renewal and
achieving results for Canadians.
    Negotiations between the Association of Canadian Financial Officers and
the Employer began in January 2008. The constructive and collaborative
approach adopted by both parties allowed us to reach a mutually satisfying
agreement quickly.
    I would like to thank the negotiators, who have worked assiduously to
reach this agreement."

    Regular updates on collective bargaining are posted on the Treasury Board
of Canada Secretariat Web site at: www.tbs-sct.gc.ca.

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For further information:

For further information: Mike Storeshaw, Director of Communications,
Office of the President of the Treasury Board, (613) 957-2666; Robert
Makichuk, Chief, Media Relations, Treasury Board of Canada Secretariat, (613)
957-2391; TTY (Telecommunications device for the hearing impaired) - (613)
957-9090; This news release is available online at: www.tbs-sct.gc.ca.


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