Memo: Economic Stability Dividend (Dec. 3, 2018)

Date: Dec. 3, 2018
From: Linda McKnight, Managing Director, Strategic Staff Relations, Human Resources, and Michelle Berner, Managing Director, Total Compensation, Health and Wellbeing, Human Resources
To: Deans, Directors, Department Heads and Administrative Managers
Subject: Economic Stability Dividend

We are pleased to inform you the BC Government has announced the 2019 Economic Stability Dividend, which will result in an ongoing 0.75% wage increase for UBC staff who are members of unions/associations that have ratified agreements with the university under the Economic Stability Mandate of 2014-2019. This increase also applies to Research Associates, Non-union Technicians and Research Assistants, Farm Workers, and Executive Administrative staff. This is the final Economic Stability Dividend under the 2014 mandate.

The implementation will take effect in 2019:

  • February 1: CUPE 116, CUPE 2950, IUOE 115 (formerly IUOE 882)
  • March 1: BCGEU Childcare
  • May 1: AAPS, BCGEU Okanagan, Executive Administrative, Farm Workers, Non-Union Technicians and Research Assistants, Research Associates
  • July 1: CUPE 2278
  • November 1: CUPE 116 (Aquatic Centre)

The UBC Budget Office will be communicating with Faculties and VP portfolios regarding funding details for this increase.

If you have any questions, please contact your Human Resources Advisor: