CSSEA Info - November 2015

 SOCIAL SERVICES EMPLOYEES TO SHARE IN BC ECONOMIC GROWTH

The Economic Stability Dividend, a component of the 2014 Economic Stability Mandate and included in the 2014-2019 collective agreements, allows for ongoing general wage increases when the provincial Gross Domestic Product (GDP) growth exceeds Economic Forecast Council (EFC) forecasts. The wage increases are calculated based on 50% of the positive difference between the EFC forecast and the provincial GDP data released by Statistics Canada.

Statistics Canada has just released the 2014 provincial GDP data and the Minister of Finance will be announcing the amount of the dividend.

Once CSSEA has calculated the increases, new wage grids will be published. The first dividend will be applied to the first pay period after February 1, 2016.

It is very important that our sector’s total compensation base is accurate and includes all agencies, since we will not be able to go back for additional funds after the allocation has been finalized. If you have not yet submitted your 2015 Compensation and Employee Turnover Survey, please complete it and forward it to CSSEA to ensure we accurately capture your agency’s compensation base.

For more information please contact David Lin at 604.601.3132, toll free 1.800.377.3340 (ext. 132) or This email address is being protected from spambots. You need JavaScript enabled to view it. .