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AGM APPROVES A DUES INCREASE

Dear colleagues,

As of January 1st 2008, the monthly dues deducted from your pay cheque will be $55.56, which represents an increase of $8.56 per month. Despite this increase, PIPSC members still pay considerably less in union dues than members with other unions of comparable size offering similar services.

On behalf of the Board of Directors, I had the opportunity to address the 423 delegates to the 2007 AGM on November 2nd and 3rd. I presented the audited financial statements for 2006/2007, the current fiscal year projections and the budget for the next fiscal year, 2008/2009.

In addition, you may remember that the Board of Directors was seeking an $8.00 dues increase as of January 2008. At the strategic level, this proposed dues increase was to carry us over three fiscal years with the following assumptions:

  • A stagnant membership count
  • A 2.5% per year increase in administrative costs
  • A 5% per year increase in membership participation
  • AND no new demands of funds being entertained without identifying a cut of similar financial magnitude

Prior to the discussion on the proposed dues increase and approval of the 08/09 budget, the assembly debated a variety of budgetary resolutions. The budget was then amended to include the cost of the motions that were carried. The incremental cost to the Institute of the approved motions will be approximately $320,000 per year, the equivalent of an additional increase of $0.56 in monthly dues. As a result the proposed dues increase was adjusted by this amount.

The AGM then approved the new monthly dues increase of $55.56 and the amended budget for 08/09 which now stands at a surplus of $838,170 versus a deficit of $4,195,110 without the dues increase.

What now?

The Finance Committee, Executive Committee, Board of Directors and Management team remain committed to delivering services to the membership within budget.

We will continue to improve the way we do business by being pro-active in developing ways to reduce costs while maintaining the existing level of service.

We will continue to review our services and programs to ensure that we offer the best possible value to our members as efficiently as possible.

That being said, ultimately, the responsibility belongs to all of us, members, to be self critical in our requirements and to ensure that requests for funding that we put forward fit within the Institute’s budget.

Finally, it is important to remember that we must remain on a strong financial foundation if we are to continue to support members through the collective bargaining process, consultation, representational services, classification expertise, help desk assistance, legal counsel, research resources, steward support, and lobbying efforts.

I invite each and every one of you who may have questions regarding this document or any other concerns regarding the dues increase to contact me directly at Stéphane Chevalier or to call me at 250-363-2321.

Stéphane Chevalier, B.Sc. P.Eng. MBA
Chair Finance Committee


Publish Date: 16-NOV-2007 03:42 PM