The new FIP is here
April 1, 2004
Dear Colleagues,
On March 31, 2005, the employer and CAPE renewed the Financial Incentives Plan. In accordance with the wishes of a majority of respondents to our survey, your bargaining team reached agreement on a new FIP with the employer.
This year, a new acquisition formula completely unrelated to pay was developed for Operations and Technolinguistic Services. This means that an increase in salary will not automatically result in a reduction in the incentive.
Under the new formula, calculation of the threshold for an incentive is based on billable hours and a production coefficient. The threshold is equal to total hours, minus non-billable hours, times a production coefficient based on an employee’s level. The coefficient is 1 for a TR-2, 1.07 for a TR-2 receiving a premium, 1.18 for a TR-3 and 1.3 for a TR-4 Expert).
Example for a TR-2: 2,000 total hours – 500 non-billable hours x 1 = 1,500 hours (the threshold). All billable hours in excess of the threshold are multiplied by the average hourly rate charged by the Bureau to produce the amount that generates an incentive. This amount is then multiplied by the existing sharing formula, which yields the accrued incentive.
The new formula makes the Plan more beneficial for TRs in Operations as a whole. If it were applied to the current year, in fact, the overall incentive would be higher.
The administration of the Plan has also been simplified; the monthly tracking reports should be easier to interpret. The Bureau will distribute incentive notices by June 15, 2006, and incentives will be paid by August 15, 2006. Another innovation is that FIP leave can be substituted retroactively for annual leave taken in June, July, August or September.
In the IPTD, the acquisition period has been changed, the better to reflect the peaks in the parliamentary cycle. The six months of the acquisition period are now April, May, June, November and December 2005, and March 2006. The conversion factor for Committees is eliminated above the threshold. Also good news is the fact that periods of prorogation will be deducted from the acquisition period.
Because of the date on which the Memorandum of Understanding was signed, interpreters will have until April 8, 2005 to indicate their intention to participate in the Plan.
For Technolinguistic Services, the acquisition formula is the same as for Operations. The employer has undertaken to make every effort to increase activities billable according to a billing rate scale (TLS activities, for example) that can generate an incentive under the new formula. Lastly, the parties have agreed to review the application of the FIP to Technolinguistic Services in anticipation of the next round of negotiations.
The new MOU, which comes into force on April 1, 2005, will be posted shortly on the CAPE Web site. For more information, please contact CAPE at
rim-fip@acep-cape.ca
Bargaining committee:
Jean Blais
Suzanne Dumas
Ellen Garmaise
Luc Gervais
Lionel Perrin
André Picotte
Claude Danik and Hélène Paris, CAPE
April 1, 2004
Dear Colleagues,
On March 31, 2005, the employer and CAPE renewed the Financial Incentives Plan. In accordance with the wishes of a majority of respondents to our survey, your bargaining team reached agreement on a new FIP with the employer.
This year, a new acquisition formula completely unrelated to pay was developed for Operations and Technolinguistic Services. This means that an increase in salary will not automatically result in a reduction in the incentive.
Under the new formula, calculation of the threshold for an incentive is based on billable hours and a production coefficient. The threshold is equal to total hours, minus non-billable hours, times a production coefficient based on an employee’s level. The coefficient is 1 for a TR-2, 1.07 for a TR-2 receiving a premium, 1.18 for a TR-3 and 1.3 for a TR-4 Expert).
Example for a TR-2: 2,000 total hours – 500 non-billable hours x 1 = 1,500 hours (the threshold). All billable hours in excess of the threshold are multiplied by the average hourly rate charged by the Bureau to produce the amount that generates an incentive. This amount is then multiplied by the existing sharing formula, which yields the accrued incentive.
The new formula makes the Plan more beneficial for TRs in Operations as a whole. If it were applied to the current year, in fact, the overall incentive would be higher.
The administration of the Plan has also been simplified; the monthly tracking reports should be easier to interpret. The Bureau will distribute incentive notices by June 15, 2006, and incentives will be paid by August 15, 2006. Another innovation is that FIP leave can be substituted retroactively for annual leave taken in June, July, August or September.
In the IPTD, the acquisition period has been changed, the better to reflect the peaks in the parliamentary cycle. The six months of the acquisition period are now April, May, June, November and December 2005, and March 2006. The conversion factor for Committees is eliminated above the threshold. Also good news is the fact that periods of prorogation will be deducted from the acquisition period.
Because of the date on which the Memorandum of Understanding was signed, interpreters will have until April 8, 2005 to indicate their intention to participate in the Plan.
For Technolinguistic Services, the acquisition formula is the same as for Operations. The employer has undertaken to make every effort to increase activities billable according to a billing rate scale (TLS activities, for example) that can generate an incentive under the new formula. Lastly, the parties have agreed to review the application of the FIP to Technolinguistic Services in anticipation of the next round of negotiations.
The new MOU, which comes into force on April 1, 2005, will be posted shortly on the CAPE Web site. For more information, please contact CAPE at
rim-fip@acep-cape.ca
Bargaining committee:
Jean Blais
Suzanne Dumas
Ellen Garmaise
Luc Gervais
Lionel Perrin
André Picotte
Claude Danik and Hélène Paris, CAPE