BC Housing, BCGEU reach agreement
By Contributor
The BC Housing Management Commission and the BCGEU have reached two tentative agreements under the 2014 Economic Stability Mandate, Minister of Finance Michael de Jong announced Wednesday.
The tentative agreements cover approximately 362 employees with the BCGEU Administrative/Clerical Division and approximately 148 employees with BCGEU Service/Maintenance who provide a variety of services in the administration of subsidized housing, the administration of the Homeowner Protection Branch, and building management and maintenance services.
The government’s Economic Stability Mandate provides public-sector employers the ability to negotiate longer-term agreements within a fixed fiscal envelope, and offers employees an opportunity to participate in the province’s economic growth through the Economic Stability Dividend. Settlements are expected to be unique and to reflect priorities negotiated to ensure labour stability and affordable service delivery throughout B.C.
Quick Facts:
- * The new 2014 Economic Stability Mandate applies to all public-sector employers whose collective agreements expired on or after Dec. 31, 2013.
- If the province’s real GDP growth exceeds forecasts over the terms of the agreement, the agreement provides for the sharing of some benefits of that growth with the public-sector employees who work on behalf of British Columbians and help make that growth possible.
- Under this proposal, employees would receive a conditional, incremental wage increase equal to half of any percentage-point gain in real GDP growth above the Economic Forecast Council’s forecast published in the February budget.
- For example, if real GDP growth is one percentage point above forecast real GDP growth, then a 0.5% wage increase would result, beyond whatever wage increase had been negotiated in the contract.
