General Pay Increases Sample Clauses
General Pay Increases. (a) Effective 2016 January 01, all hourly rates of pay which were in effect on 2015 December 31 shall be increased by one and one-half percent (1.5%). The new hourly rates shall be rounded to the nearest whole cent.
(b) Effective 2017 January 01, all hourly rates of pay which were in effect on 2016 December 31 shall be increased by one and one-half percent (1.5%). The new hourly rates shall be rounded to the nearest whole cent.
(c) Effective 2018 January 01, all hourly rates of pay which were in effect on 2017 December 31 shall be increased by two percent (2.0%). The new hourly rates shall be rounded to the nearest whole cent.
(d) Effective 2019 January 01, all hourly rates of pay which were in effect on 2018 December 31 shall be increased by two percent (2.0%). The new hourly rates shall be rounded to the nearest whole cent.
(e) Effective 2020 January 01, all hourly rates of pay which were in effect on 2019 December 31 shall be increased by two percent (2.0%). The new hourly rates shall be rounded to the nearest whole cent.
General Pay Increases.
(a) Effective 2023 January 01, all hourly rates of pay which were in effect on 2022 December 31 shall be increased by four point five (4.5%). The new hourly rates shall be rounded to the nearest whole cent.
(b) Effective 2024 January 01, all hourly rates of pay which were in effect on 2023 December 31 shall be increased by four percent (4.0%). The new hourly rates shall be rounded to the nearest whole cent.
(c) Retroactive payments arising from (a) will be made as soon as possible following the date of ratification of this Memorandum of Agreement.
General Pay Increases. All FACULTY MEMBERS will receive a general pay increase of two and one-half percent (2.5%) effective with the 11th pay of the 2018-2019 academic year for FACULTY MEMBERS on a 20-pay schedule and with the 14th pay of the 2018-2019 academic year for FACULTY MEMBERS on a 26-pay schedule, as reflected in Pay Schedule B.
General Pay Increases. (a) All rates of pay in effect on 1999 December 31 shall remain in effect until varied by paragraph (b).
(b) Effective 2000 January 01, all hourly rates of pay which were in effect on 1999 December 31 shall be increased by two percent (2%). The new hourly rates shall be rounded to the nearest whole cent.
(c) Effective 2001 January 01, all hourly rates of pay which were in effect on 2000 December 31 shall be increased by two percent (2%). The new hourly rates shall be rounded to the nearest whole cent.
(d) Effective 2002 April 01, all hourly rates of pay which were in effect on 2002 March 31 shall be increased by three percent (3%). The new hourly rates shall be rounded to the nearest whole cent.
General Pay Increases. (a) Effective 2003 January 01, all hourly rates of pay which were in effect on 2002 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent.
(b) Effective 2004 January 01, all hourly rates of pay which were in effect on 2003 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent.
(c) Effective 2005 January 01, all hourly rates of pay which were in effect on 2004 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent.
(d) Effective April 1, 2006: all hourly rates of pay which were in effect on March 31, 2006 shall be increased by the greater of:
(i) three percent (3.0%). The new hourly rates shall be rounded to the nearest whole cent, or
(ii) three percent (3.0%) plus one-half of the amount by which the Consumer Price Index (CPI all item market basket) for Vancouver, BC exceeds three percent for the 12 month period ending on February 28, 2006. This calculation will be made by comparing the difference of the CPI value for February 2006 over February 2005. The CPI calculation will be taken to the second decimal place following arithmetical rules of rounding. The new hourly wage rates calculated from the aforementioned shall be rounded to the nearest whole cent.