Economic Stability Dividend 2016 = .45%

philipcox bargaining, Component 3

During Component 3 negotiations, we were not hopeful Economic Stability Dividend would amount to anything. It has produced almost a half of percent increase for Sessional Lecturers and Music Performance Instructors in 2016. It remains to be seen if there will be money in the subsequent years of the agreement. This moves the settlement from 5.5% over 5 years to 5.95% over 5 years, which remains far below inflation. With government’s madates over the past 15 years (see Public Sector Employers’ Council Secretariat) Post Secondary worker’s wages continue to loose ground.