|Date:||June 23, 2017|
|To:||Confidential Staff; Professional & Managerial Staff; Advancement Professionals; Research Associates & Senior Research Associates|
|From:||Kelly Hannah-Moffat, Vice-President, Human Resources & Equity|
|CC:||HR Divisional Offices|
|Re:||Compensation update for Confidential, PM, AP and RA / SRA staff|
Further to my message of April 13, 2017, I am pleased to update you on changes to your compensation.
On June 15th, Business Board approved merit-based compensation increases and a delay to the upcoming pension contribution increases for Confidential, Professional & Managerial (PM), Advancement Professionals (AP), and Research Associates & Senior Research Associates (RA / SRA) staff.
Annual merit increases will be administered in line within each group’s existing compensation policies. The merit pay will be effective July 1, 2017 based on June 30, 2017 salaries and will be implemented in the July pay. Further processing instructions for business officers will be forthcoming.
Across the Board (ATB) increase
Across the Board (ATB) increases for eligible non-represented staff groups will be determined by taking into account the compensation increases negotiated with other employee groups. These amounts have not yet been confirmed and therefore will not proceed this July 1. However, we will communicate again once more information is available.
Any approved ATB increases for eligible Confidential, PM 1–5 Professional & Managerial staff, Research Associates & Senior Research Associates will be retroactive to July 1, 2017.
Pension Contribution Increases
Due to the current status of negotiations with each of the employee groups for the Jointly Sponsored Pension Plan, the planned pension contribution increase from the current 6.8% / 8.4% (6.3%/8.4% for RA/SRA) to 7.7% / 9.5% (7.15%/9.5% for RA/SRA) originally scheduled for July 1, 2017, will be delayed until no later than October 31, 2017 but with full retroactivity to July 1, 2017.
Benefit Plan Changes
There are no proposed changes to benefit plan provisions at this time.
Effective July 1, 2017, there will be a modest change to premiums for the current health and dental plans and for life insurance:
- As a result of rising claims cost, the monthly employee and employer premiums will increase by 2% for the Extended Health Care Plan, and by 1.5% for the Dental Plan.
- Life Insurance premiums will decrease by 10%.
- There will also be a modest increase to the Joint Membership Plan monthly cost, which will vary by Plan, but will be no more than 2%. As a reminder, if you wish to cancel your annual participation in the Joint Membership Plan, you must do so no later than June 30, 2017.
These changes in monthly contributions will be reflected in your July pay.
Should you have any questions about these benefit or compensation changes, please contact your Divisional HR Office.