Common use of Secondary Scale Adjustment Clause in Contracts

Secondary Scale Adjustment. All steps on secondary scales will be increased as follows: 12.2.1 Effective the first day of the first full pay period after April 01, 2015 or the first day of the first full pay period after the date of ratification of the collective agreement (whichever is later): one percent (1%) 12.2.2 Effective the first day of the first full pay period after February 01, 2016: Economic Stability Dividend* 12.2.3 Effective the first day of the first full pay period after April 01, 2016: one-half of one percent (0.5%) 12.2.4 Effective the first day of the first full pay period after February 01, 2017: one percent (1%) plus Economic Stability Dividend* 12.2.5 Effective the first day of the first full pay period after April 01, 2017: one-half of one percent (0.5%) 12.2.6 Effective the first day of the first full pay period after February 01, 2018: one percent (1%) plus Economic Stability Dividend* 12.2.7 Effective the first day of the first full pay period after April 01, 2018: one-half of one percent (0.5%) 12.2.8 Effective the first day of the first full pay period after February 01, 2019: one percent (1%) plus Economic Stability Dividend* 12.2.9 Despite Articles 12.2.1 to 12.2.8 above, local parties may elect to revise secondary scales to the extent possible within a weighted average of the salary increases specified in Article 12.