Memo: Economic Stability Dividend (Nov. 30, 2016)

Date: Nov. 30, 2016
From: Linda McKnight, Director, Advisory Services, Human Resources, and Michelle Berner, Director, Total Compensation, Human Resources
To: Deans, Directors, Department Heads and Administrative Managers at the Vancouver campus
Subject: Economic Stability Dividend

On November 29, the BC Government announced this year’s Economic Stability Dividend (ESD). The Economic Stability Dividend is an additional general wage increase that in 2017 will result in an ongoing 0.35% wage increase for UBC employees who are members of unions/associations that have ratified agreements with the University under the Economic Stability Mandate of 2014-2019, as well as research associates, non-union technicians and research assistants, farm workers, and Executive Administrative staff.

The implementation dates are as follows:

  • AAPS: May 1, 2017
  • BCGEU Childcare: March 1, 2017
  • BCGEU Okanagan: May 1, 2017
  • CUPE 116: February 1, 2017
  • CUPE 116 (Aquatic Centre): November 1, 2017
  • CUPE 2950: February 1, 2017
  • CUPE 2278: July 1, 2017
  • Executive Administrative: May 1, 2017
  • Farm Workers: May 1, 2017
  • Non-Union Technicians and Research Assistants: May 1, 2017
  • Research Associates: May 1, 2017

The UBC Budget Office will be communicating with Faculties and VP portfolios regarding funding details for the Economic Stability Dividend.

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

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