The employer has agreed to the following changes to rates of pay for all LP levels:
Effective May 10, 2018 - increase to rates of pay: 2% plus a 0.8% wage adjustment (compounded)
Effective May 10, 2019 - increase to rates of pay: 2% plus a 0.2% wage adjustment (compounded)
Effective May 10, 2020 - increase to rates of pay: 1.5%
Effective May 10, 2021 - increase to rates of pay: 1.5%
This amounts to a cumulative pensionable increase of 8.26% (compounded). We are currently developing a pay calculator to help you calculate the amount you will be receiving. This will be shared with all members once completed.
In addition to these agreed-upon wage adjustments, further wage adjustments may be retroactively awarded, depending on the outcome of the joint pay study (see further section on Joint Pay Study below).
These are across-the-board increases. There are no changes to the number of steps nor to the distinction between Toronto and Non-Toronto rates of pay.
As in the past, the adjustments are to base pay and also affect the amount of your performance pay, acting pay, and other forms of supplemental pay. However, TBS is changing the way in which it makes these calculations (see appendix).