PIPSC officially served a bargaining notice to OSFI on April 24, 2026, beginning the formal bargaining process. Learn more about what’s next.
The collective agreement between PIPSC and the Office of the Superintendent of Financial Institutions (OSFI) for members of the Professional Employees Group (OSFI-PEG) expired on March 31, 2026. PIPSC officially served a bargaining notice to OSFI on April 24, 2026, beginning the formal bargaining process.
What does this mean for you?
The terms of the 2023-2026 PIPSC-OSFI collective agreement remain in place:
- your pay, benefits, and leave entitlements continue as before
- workplace protections and grievance rights remain in place
- all provisions of the current expired agreement remain in effect
What can you expect?
In the coming weeks, members will receive a survey to share input on priorities for the next collective agreement.
The bargaining environment is evolving, and economic uncertainty continues across the federal public sector. Workforce adjustment pressures and employment protections remain key concerns for many members.
The bargaining team is actively preparing for negotiations and working to ensure members’ priorities are represented throughout the process. We will continue to provide updates and opportunities for members to stay informed and engaged.
Bargaining typically takes 12 to 18 months, and sometimes longer.
Our dispute resolution mechanism is arbitration. This approach was selected by the bargaining team based on member feedback collected in the survey distributed in mid-April.
Bargaining team progress:
You will be represented by eight OSFI-PEG Bargaining Team members from a range of backgrounds, along with a PIPSC negotiator. The team completed bargaining training and began planning work in February 2026. The bargaining team continues to meet monthly to prepare for negotiations.
We expect the bargaining process to include four main stages:
- developing and refining bargaining proposals
- exchanging and reviewing proposals with the employer
- participating in multiple rounds of negotiations
- resolving outstanding issues through arbitration, if needed
Stay Connected
Bargaining is most effective when members are informed, engaged, and united. Your voice and participation help strengthen your bargaining team at the table.
We are committed to keeping members informed throughout the process and appreciate your continued engagement and support.If you have questions, ideas, or suggestions, email us anytime at osfi_grp_barg_team@pipsc.ca.