HR#29, 2013 – 2014
|Date:||June 16, 2014|
|To:||Confidential, Professional & Managerial Staff, Advancement Professionals, Research Associates and Senior Research Associates; – See more at:|
|From:||Angela Hildyard, Vice-President, Human Resources & Equity – See more at:|
|Cc:||HR Divisional Offices; Principals, Deans, Academic Directors & Chairs – See more at:|
|Re:||Compensation Update for Confidential, PM, AP and RA / SRA Staff|
Further to my message of April 22, 2014, I am writing to update you on changes to your compensation. On June 12, Business Board approved compensation increases, and some benefit changes, for Confidential, Professional & Managerial (PM) Staff, Advancement Professionals (AP), Research Associates and Senior Research Associates (RA / SRA). The increases align with existing government legislation and are responsive to the University’s current financial constraints.
Business Board approved the implementation of annual merit increases within each group’s fixed merit envelope, consistent with the Province’s current compensation restraint legislation. While the merit pay will be effective July 1, 2014, it will be implemented retroactively, in accordance with this year’s annual process timelines in October.
The RA / SRA Performance Assessment process will launch later this week, please look for a separate memo outlining process instructions.
Across the Board (ATB) increase
Effective, July 1, 2014 the Across the Board (ATB) increase will be 0.5% for all Confidential, Professional & Managerial Staff, Advancement Professionals, Research Associates and Senior Research Associates. We are working to ensure that eligible employees will receive any applicable ATB increases in their July pay. Further processing instructions for Business Officers will be forthcoming.
Dependant Scholarship Program
Historically, this Dependant Scholarship program has required that applicants must have a minimum 80% average in their best six university or college-level high school courses. To align with the benefit currently available to faculty where the minimum requirement is a 75% average, effective July 1, 2014, this will also apply to eligible employee groups. Please refer to the Human Resources & Equity website for full details on the Dependant Scholarship Program.
In order to ensure the long-term sustainability of public sector-defined benefit pension plans, the Ontario Government expects that employee / employer current service contributions should be matched, that is at a 50 / 50 balance. With this as a primary objective the University will be proceeding with the July 2014 employee contribution increase that was approved in 2012. In addition, Business Board approved two further employee contributions for additional employee pension contributions for July of 2015 and 2016 as follows:
July 1, 2015 Increase of 0.45% / 0.55% from 6.80% / 8.40% to 7.25% / 8.95%
July 1, 2016 Increase of 0.45% / 0.55% from 7.25% / 8.95% to 7.70% / 9.50%
Should you have any questions about these compensation changes, please contact your HR Divisional Office.