Canada Post says talks with the union representing postal workers continue and it still hopes to negotiate a deal.

The company has not given the required 72 hours notice of a lockout, nor has the union given notice of any job action.

Both sides remain at the negotiating table, which is a good sign. However, changes to employee pension plans have been a key sticking point in negotiations.

Canada Post made new contract proposals about a week ago, and the union presented a counter-offer last Friday.

That offer includes wage hikes and rejects Canada Post’s plan that would have new employees get a pension plan that operates like an RRSP, called defined contribution, instead of the defined benefit plan for current employees that guarantees a set level of retirement benefits.

@CanBizJournal