Wage increase of 0.4% for members in 2018 due to the Economic Stability Dividend
Publish date: Thursday, November 09, 2017
UVic - University of Victoria Administrative and Academic Professionals
UVic members will receive a 0.4 per cent wage increase in 2018 as a result of the Economic Stability Dividend (ESD) clause included in your collective agreement.
The ESD clause was part of the Government's compensation mandate and promised to compensate public sector employees if the economy outperformed the government forecast. The ESD pays an ongoing wage increase equal to half the difference between the projected growth in the BC economy and the actual growth. The ESD was in addition to the general wage increases.
- UVic members should expect a 1 per cent general wage increase in addition to the 0.4 per cent ESD increase effective the first pay period after May 1, 2018.
- UVic members will also see a 0.5 per cent general wage increase effective July 1, 2018.
There is potential for additional ESD increases in 2019. We will follow up with additional information when it becomes available.