To all Component 7 -- College Instructors
FEBRUARY 22, 2007
BULLETIN #5 -
The BCGEU and the Federation of Post Secondary Educators, representing faculty at BC's colleges, university colleges, and institutes have reached a settlement of all sectoral issues with the Post Secondary Employers' Association. The 3 year faculty agreement will run from April 1, 2007 to March 31, 2010.
The settlement's compensation package includes three annual wage increases of 2.1 per cent across all steps of the salary scale, and three annual labour market adjustment increases of 0.5 % on the top step of the scale, as well as a signing bonus of $4,000 per full-time equivalent employee, and a fiscal dividend that is contingent upon the provincial government budget surplus in 2009-10.
Under the post-secondary sector's two-tier bargaining structure, local employers and unions will continue negotiating at their second-tier tables to reach settlements on their collective agreements by March 31st, in order to receive the signing bonus.