IT took the Clerical and Commercial Workers Union and the administration of North American Life Insurance Company (NALICO) just one day to negotiate and agree on a retroactive 10 per cent across the board 2018 salary increase for staff at the insurance company.

The two sides officially signed the agreement on Monday at the boardroom of the Department of Labour. The agreement covers rank and file employees and supervisors.
The retroactive increase covers the period December 1, 2017 to November 30, 2018; and though the one year agreement was signed yesterday in light of the festive season the company kindly facilitated for the staff to be paid earlier in the month.

“We’re very happy with this outcome,” said NALICO Branch Representative Tessa Hinds.
“We have very good relations with the CCWU, and for the next agreement we will look towards a multi-year agreement.”

Also present on behalf of NALICO was Admin Manager, Shivraj Singh. Chief Labour Officer, Charles Ogle, oversaw the signing of the agreement.

Aside from their retroactive salary increase, employees at the company were also treated to a one month’s pay Christmas bonus. The agreement also saw the “bicycle allowance” for office assistant being set at $4000, the cashier’s “risk allowance” was set at $3000.
Signing the agreement on behalf of the CCWU was its President Sherwood Clarke, who commended the relations between the Union and NALICO.

“We took only one day to negotiate this agreement and that was very good,” Clarke said.