Bulletin
ICBC Members to Receive a Raise in May
November 26, 2018
To: All ICBC MoveUP Members
Last week, the provincial government announced that public sector employees will see a .75% increase to their pay next year. For ICBC employees that increase will start on May 1, 2019 and will be added to the general wage increase scheduled for the same day. This raise is a result of the Economic Stability Dividend (ESD) that was negotiated in the last round of bargaining (2014) and is in addition to all other general wage increases in our collective agreement.
We will post the updated wage scales on our web site once the calculations and tables are updated and confirmed with ICBC.
This is our fourth increase from the ESD. In 2016 we received a .45% increase, then in 2017 another .35%. For 2018 we received a .4% increase and as of next May an additional .75%. Depending on the salary band, the ESD will improve wages anywhere from $730 to almost $1700 annually, by the end of this agreement (2019).
To activate the ESD, the Gross Domestic Product (GDP) growth for British Columbia must exceed the predictions of the independent Economic Forecast Council. The wage increase is calculated based on 50% of the positive difference between its forecast and the actual GDP for the province. Clearly British Columbia’s economy has flourished. Our NDP government has proven it is possible to grow the economy and take care of people at the same time.
In solidarity,
Annette Toth, Vice-President
Kevin Smyth, Senior Union Representative