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Can someone explain the wage package in a bit more detail?

bit explain package Wage
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Can someone explain the wage package in a bit more detail?

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The wage package in the Principal Agreement between the Electrical Trade Bargaining Agency and the IBEW/IBEW Construction Council of Ontario includes Vacation Pay, Statutory Holiday Pay and Unions Funds (RRSP/Pension, Administration, Health & Welfare, etc.). The Union Funds vary by Local Union. If you are a member of the IBEW, please contact your Local Union for details or to obtain a copy of the Principal Agreement.

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