Common use of Minimum Wage Adjustment Clause in Contracts

Minimum Wage Adjustment. In the event that the provincial minimum wage increases during the life of this Agreement, adjustments will be made to the grid according to the procedure specified below. If the minimum wage increases by an amount that is greater than the monetary increases applied to each of the hourly rates of pay as per the negotiated increases in the attached grids, those rates will be increased by the difference, in cents, between the previous increases applied to the grid and the increase to the provincial minimum wage. The delta of the rates will be calculated based on the increase applied to the grid that immediately preceded the minimum wage increase. Such an increase shall take effect on the date of the increase to the provincial minimum wage. For example, if the start rate of the pay band 1 get $0.10/hour increase on 1 April 2020, and the provincial minimum wage increases by $0.20/hour in 1 October 2020, the start rate of pay band 1 will be increased by $0.10/hour on 1 October 2020.

Appears in 2 contracts

Sources: Collective Agreement, Collective Agreement