As you may know, in 2019, members voted to pass a resolution to increase ACFO-ACAF union dues effective April 1, 2020, with a subsequent adjustment made annually in accordance with the Canadian consumer price index (CPI) for the previous year. This is to ensure that ACFO-ACAF can continue to provide high-quality services to our members as demand for our services increase.
A few weeks ago, Statistics Canada announced the CPI for the previous year was 4.8%. As a result, effective April 1, 2022, ACFO-ACAF dues will be increasing from $62.42 per month to $65.42/month.
Despite the 4.8% increase in inflation, this still means that in the last 10 years, the rate of pay for FIs (now CT-FINs) negotiated by ACFO-ACAF has remained above the overall rate of inflation.
ACFO-ACAF is proud to say that we consistently secure increases for members that are above the rate of inflation and above-pattern. In the months to come, ACFO-ACAF will begin negotiations for a new agreement for all CTs that will harmonize the three existing collective agreements, maintaining the best elements of each.
The dues adjustment will be made automatically by the employer and reflected on your paystub, so no action is required. However, if you have any questions about the dues increase, or if you notice any errors in your union dues on April 1, please contact info@acfo-acaf.com.
