The TR Financial Incentives Plan Renewed at the Negotiating Table
March 29, 2004
Exercising the authority vested in them by the CAPE Constitution, the CAPE TR Financial Incentives Plan Negotiating Team signed an agreement with the employer at the negotiating table on March 24th.
The agreement sees the following changes to the Plan:
1. The Operations Sector threshold will be 2.67.
2. The payment rate per word for the IPTD Sector increases from 9.5 cents to 10 cents
3. The effective date of the new agreement is April 1, 2004.
4. The maximum incentive that a TR can earn has been established at 10% of the total compensation allowing an incentive.
The Plan that had been submitted to the TR membership for a vote forsaw an Operations Sector threshold of 3.25, and a payment rate per word for the IPTD of 7.9 cents. The decrease in the threshold will have a positive impact on the number of members who earn an incentive, as well as on the average value of the incentive.
The changes described below have the effect of improving the terms of the Plan significantly, as well as the value of the Plan that had been submitted to a vote of the TR membership.
As the improvements were significant, the Committee deemed that the vote was no longer useful, and they will therefore not be counting the ballots.
The changes outlined above are in addition to the following modifications, which were announced on February 16th.
5. If there is a federal election, the affected earning quarter in IPTD would cease to apply on the day Parliament is dissolved.
6. The incentive notice will indicate the value of the possible conversion in leave credits and the employee will be able t use such leave credits as soon as he has submitted the necessary conversion request.
7. Any notice of revision in incentives already paid will be accompanied by an explanation of calculations which led to the revision as well as fisical implications thereof (for example a revision of T-4s).
8. The employer will see to it that managers and all categories of employees are provided with the necessary information so that correct explanations are given as to the true implications of the FIP and that the Plan stop being used as an easy catch-all justification for every administrative chicanery in the Bureau.
We estimate that the total value of the FIP will be much greater than the FIP which was proposed at the end of negotiations on February 25th.
"On behalf of the Negotiating Committee, I would like to thank all of the members who participated in the negotiating process by submitting proposals to the committee, by their constant support and by their participation in the vote," Claude Danik, Chief Negotiator.
March 29, 2004
Exercising the authority vested in them by the CAPE Constitution, the CAPE TR Financial Incentives Plan Negotiating Team signed an agreement with the employer at the negotiating table on March 24th.
The agreement sees the following changes to the Plan:
1. The Operations Sector threshold will be 2.67.
2. The payment rate per word for the IPTD Sector increases from 9.5 cents to 10 cents
3. The effective date of the new agreement is April 1, 2004.
4. The maximum incentive that a TR can earn has been established at 10% of the total compensation allowing an incentive.
The Plan that had been submitted to the TR membership for a vote forsaw an Operations Sector threshold of 3.25, and a payment rate per word for the IPTD of 7.9 cents. The decrease in the threshold will have a positive impact on the number of members who earn an incentive, as well as on the average value of the incentive.
The changes described below have the effect of improving the terms of the Plan significantly, as well as the value of the Plan that had been submitted to a vote of the TR membership.
As the improvements were significant, the Committee deemed that the vote was no longer useful, and they will therefore not be counting the ballots.
The changes outlined above are in addition to the following modifications, which were announced on February 16th.
5. If there is a federal election, the affected earning quarter in IPTD would cease to apply on the day Parliament is dissolved.
6. The incentive notice will indicate the value of the possible conversion in leave credits and the employee will be able t use such leave credits as soon as he has submitted the necessary conversion request.
7. Any notice of revision in incentives already paid will be accompanied by an explanation of calculations which led to the revision as well as fisical implications thereof (for example a revision of T-4s).
8. The employer will see to it that managers and all categories of employees are provided with the necessary information so that correct explanations are given as to the true implications of the FIP and that the Plan stop being used as an easy catch-all justification for every administrative chicanery in the Bureau.
We estimate that the total value of the FIP will be much greater than the FIP which was proposed at the end of negotiations on February 25th.
"On behalf of the Negotiating Committee, I would like to thank all of the members who participated in the negotiating process by submitting proposals to the committee, by their constant support and by their participation in the vote," Claude Danik, Chief Negotiator.