Economic stability dividend
As part of the 2014 Economic Stability Mandate, the BC government committed to introducing a shared benefit that activates an ongoing wage increase when GDP growth exceeds forecasts by the Economic Forecast Council (EFC). On Wednesday, November 8 Statistics Canada reported that the BC economy grew by 3.5% in 2016, exceeding the EFC forecast of 2.7%.
What does this mean?
- Langara’s collective agreements were reached under the government’s Economic Stability Mandate for collective bargaining; therefore, all unionized employees will receive an increase of 0.4% on February 1, 2018 (LFA) and February 3, 2018 (BCNU, CUPE). To be clear the 0.4% is addition to the 1% general wage increase adjustment payable as per the bargained wage schedule, which results in a net increase of 1.4%.
- Non-management employees are also covered by this mandate and will receive the same 1.4% increase on February 3, 2018.
Employees can view our Terms and Agreements page to learn more about the process and access our collective agreements, summary sheets, salary grids, and seniority lists. Contact your HR Consultant or Union representatives if you have any questions or require further clarification.
