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The Financial Incentives Plan - Negotiations Have Begun

February 6, 2004

The Financial Incentives Plan (FIP) Bargaining Team met with Treasury Board on February 2, 3 and 4, to discuss renewal of the FIP. Three additional days are scheduled for the end of February to finalize the new Memorandum of Understanding. The current Financial Incentives Plan remains in effect until March 31, 2004, at which time the new MOU should take effect, if an agreement is reached. Details of the FIP will be made available once bargaining is concluded.