Update on Collective Agreement Implementation
Monday, January 13, 2020
In our December 3rd update we indicated that we did not yet know when the collective agreement retroactive payments would be processed but would let you know as soon as we heard. We can advise that the LP group is set to receive their retro pay on February 5th 2020.
As indicated in the ratified collective agreement, prospective compensation increases and retroactive amounts that require manual processing by compensation advisors will be implemented within five hundred and sixty (560) days.
A reminder as well, that in addition to wage increases between 2018 and 2021, members will receive a non-pensionable, taxable amount of $400 in recognition of the extended implementation timelines. This amount is to be paid out within the 180-day period. We have not been given confirmation of an exact date, however can advise that other bargaining agents have reported receiving the extended implementation compensation at the same time as the retro payments.