Memo: Economic Stability Dividend (Nov. 25, 2015)

Date: Nov. 25, 2015
From: Linda McKnight, Director, Advisory Services, Human Resources; and Michelle Berner, Director, Total Compensation, Human Resources
To: Heads Up and Administrators at the Vancouver campus
Subject: Economic Stability Dividend

We are pleased to confirm that the modest salary increase communicated in the press release issued by the BC Government last week applies to all staff who are members of unions or AAPS that have ratified agreements with the University under the Economic Stability Mandate of 2014-2019, as well as non-union technicians, and staff in the Executive Administrative group.

The Economic Stability Dividend is an additional general wage increase that for 2016 will result in an ongoing 0.45% wage increase. The effective dates vary by union/association, and while they are not the same as the collective agreement renewal date, they are linked. The dates are as follows:

  • AAPS – May 1, 2016
  • CUPE 116 – February 1, 2016
  • CUPE 2950 – February 1, 2016
  • CUPE 2278 – July 1, 2016
  • BCGEU Childcare Staff – March 1, 2016

The effective date of the Economic Stability Dividend for non-union technicians and for staff in the Executive Administrative group will be May 1, 2016.

Please note that the UBC Budget Office will be providing finance heads in faculties and departments with a more comprehensive document detailing the various increases.

The BC Government will determine in each of the next three years, based on the same criteria as this year, whether an Economic Stability Dividend is payable. They will make a similar announcement next November advising of such.

We recognize that there will be questions with regard to whether or not the Economic Stability Dividend is available to staff and faculty who are members of unions still negotiating renewed collective agreements, but we will need to wait until those agreements are ratified before providing a response.

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