Economic Stability Dividend – 0.4%
On November 9, the provincial government announced that public sector workers would see an additional modest salary increase in 2018 due to stronger than expected economic growth in 2016.
According to the government’s news release, “[s]tatistics Canada confirms British Columbia’s economy grew by 3.5% in 2016, exceeding last February’s forecast of 2.7% provided by the Economic Forecast Council (EFC).
The province’s higher-than-expected economic growth in 2016 triggers the Economic Stability Dividend (ESD), negotiated as part of the province’s 2014 Economic Stability Mandate. The ESD will increase compensation for unionized employees by 0.4%..."
The increase will be applied to APSA salaries on July 1, 2018, along with a general wage increase of 1.5%.
General Wage Increase – 1.5%
In the last round of bargaining, the Salary & Benefits team negotiated an agreement that included general wage increases of 5.5% over five years. On July 1, 2018, 1.5% will be applied to all APSA salaries.
2015 – 2019 General Wage Increase Grid
|
July 1, 2015 |
1.0% |
|
July 1, 2016 |
0.5% |
|
July 1, 2017 |
1.5% |
|
July 1, 2018 |
1.5% |
|
July 1, 2019 |
1.0% |