Some Caesars employees offered early retirement packages
The union representing employees at Caesars Windsor has negotiated early retirement packages for some of them.
Unifor Local 444 announced on its Facebook page that it had agreed on an enhanced early retirement package, for employees aged 60 and older.
“Anyone who chooses to retire under this enhanced package would maintain all of their health and welfare benefits, excluding short-term and long-term disability, plus full access to our Employee Family Assistance Program Inkblot until April 2, 2022,” read the Facebook post. “The option to transfer incentive monies directly into an RRSP is also available.”
Three employee tiers are covered in this package, based on the sum of the employee’s age plus years of service. Tier One covers a sum of 95 or more, with a base retirement of $625 per completed year of service plus $125 per year of service to a maximum of $3000.
Tier Two covers a sum equal to or between 91 and 94, with a base retirement of $562.50 per completed year of service plus $112.50 per year of service to a maximum of $2700.
Tier Three involves a sum equal to or between 85 and 90, with a base of $500 per completed year of service, in addition to $100 per year of service to a maximum of $2400.
The union said anyone who wants early retirement would be required to choose an end date from March 31 to September 12, 2021. Requests to take early retirement must be received by March 12.
Caesars Windsor closed completely in March 2020 because of the COVID-19 pandemic, it reopened in early October to invited guests but closed again before the holiday season as a second wave of the virus hit.
The term of the union’s current contract with Caesars ends April 2, 2022. It had been extended by one year.