Wage Maintenance. When an employee displaces another employee and is reclassified to a lower position, or when an employee is selected to a “lower” vacancy pursuant to 11.17, or in situations in which the employee moves from a 40 hour position to one with less weekly hours, they will receive wage maintenance. His/her wage rate will be adjusted downward in accordance with the following: (i) Employees with two or more years' service will have their rate frozen for a period of three months at which time a two percent reduction in rate will take place. Subsequent reductions of two percent (2%) will take place annually thereafter until the maximum rate for the lower rated job is reached. (ii) Employees with less than two years' service will have their rate frozen for a period of three months, after which time their rate will be adjusted to the maximum rate for the new job. These employees will have their rates frozen until their next scheduled progression date (no new progression date established). At this time they will be moved to the closest step on the lower band that results in a wage increase.
Appears in 6 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
