Common use of Salary Schedule for Auxiliary Faculty Clause in Contracts

Salary Schedule for Auxiliary Faculty. 7.2.1 Effective April 1, 2014 STEP HOUR (BASE) + 4% Vacation Pay + 4% Benefits Pay = HOUR (TOTAL) 10 $31.07 1.24 1.24 $33.56 9 $32.53 1.30 1.30 $35.14 9+ $33.41 1.34 1.34 $36.09 Effective April 1, 2015 STEP HOUR (BASE) + 4% Vacation Pay + 4% Benefits Pay = HOUR (TOTAL) 10 $31.38 1.26 1.26 $33.90 9 $32.86 1.31 1.31 $35.48 9+ $33.74 1.35 1.35 $36.44 • February 1, 2016¹ ² ³ Economic Stability Dividend (ESD) increase • April 1, 2016¹ ³ One-half of one percent (0.5%) increase • February 1, 2017¹ ² ³ One percent plus ESD increase • April 1, 2017¹ ³ One-half of one percent (0.5%) increase • February 1, 2018¹ ² ³ One percent plus ESD increase • April 1, 2018¹ ³ One-half of one percent (0.5%) increase • February 1, 2019¹ ² ³ One percent plus ESD increase 1The first day of the first full pay period after this date. For April 1, 2015, the first day of the first full pay period after this date or the first day of the first full pay period after the date of tentative settlement of the collective agreement (whichever is later). 2See the Memorandum of Understanding on the Economic Stability Dividend (ESD) in the 2014-2019 Faculty Common Agreement. Amount may be adjusted depending on the ESD. 3Amounts to be determined depending on the ESD.