Continuing Members of the Bargaining Unit: Salaries. 2.01 General Salary Increase a) Effective July 1, 2022, a General Salary Increase of the 2021/2022 salaries of continuing members of the bargaining unit, first, in the amount of a maximum flat rate of $520 (or a reduced flat rate based on percentage of full-time appointment) added to base annual salary, and second, a 3.24% increase; b) Effective July 1, 2023, a General Salary Increase of the 2022/2023 salaries of continuing members of the bargaining unit in the amount of 6.75% (Note: Year 2 GSI is based on recognition of a COLA amount of 1.25% in addition to a 5.5% wage increase); c) Effective July 1, 2024, a General Salary Increase of the 2023/2024 salaries of continuing members of the bargaining unit in the amount of the annualized average of BC CPI over twelve months starting on March 1, 2023 to a minimum of 2.0% and a maximum of 3.0%, subject to the COLAs Letter of Understanding. 2.02 Career Progress Increments (CPI) A sum equal to 1.25% of the salaries of continuing members of the bargaining unit (the total CPI pool) shall, effective on July 1 of each year, be allocated by way of CPI in accordance with the following provisions; a) CPI shall be composed of 0, 0.5, 1, 1.5, or 2 units, the value of 1 unit to be determined in the usual way, but not to be less than $1,000.00. b) Each continuing member of the bargaining unit shall be considered for a CPI in accordance with either Appendix A or B, depending on rank. c) The over-riding criterion for the award of CPI shall be satisfactory career progress. These increments, however, should in general be larger for those in the early rather than in the late stages of their careers. d) CPI may be withheld if, in the period in question, the
Appears in 3 contracts
Sources: Collective Agreement, Collective Agreement, Salaries and Economic Benefits Agreement