Wage Premiums definition
Wage Premiums. New hires receive full overtime and weekend/statutory work premiums • Premiums for shift work during the first 10 years are 50 cents per hour for afternoon shift work, and one dollar per hour for midnight shift work • Shift premiums in year 11 and subsequent will be as defined in the current collective agreement for existing employees • Benefits will be paid as per existing collective agreement beginning in year 11 and after • New hires will not receive benefits under the legal services plan while active or retired and their hours will not be part of the funding rate • Benefit paid as per current contract language to new hires after 1 year of service while active • The Company will contribute specified hourly contributions into individually funded accounts for each production employee beginning after the new hire has grown in to the full current base rate of wages. • The Company will contribute specified hourly contributions into individually funded accounts for each skilled trades employee beginning in year 11. • The retiree health contributions by the Company will be phased in over some years to a maximum of $1 per compensated hour (up to 2080 hours per year). • Beyond these defined hourly contributions the Company will incur no liability for retiree health benefits for new hires. • The wage grow-in scale for newly hired apprentices is determined by the apprenticeship wage progression scale negotiated as part of the skilled trades language of this collective agreement. • Newly hired fully-ticketed skilled trades journeypersons hired from outside begin work at the full skilled trades base rate (as per current practice, their wages are excluded from the wage grow-in program). This pay will include COLA in effect at the time of hire. • For pensions, benefits, premiums, and paid time off, newly- hired apprentices and journeypersons will be governed by the same terms of this Grow In package as newly-hired production workers • For currently employed production workers who transfer into an apprenticeship position, their pension, benefits, premiums, and time off will reflect their previous hire date and years of service (i.e. those transferred workers continue to receive their previous pension and benefits entitlements) The specific timing for the phase-in of the final compensation features which are introduced during Year 11 and afterward will be confirmed in collective bargaining before the first new hires employed under this program reach 10 years of service....
Wage Premiums. New hires receive full overtime and weekend/statutory work premiums Premiums for shift work during the first 10 years are 50 cents per hour for afternoon shift work, and one dollar per hour for midnight shift work Shift premiums in year 11 and subsequent will be as defined in the current collective agreement for existing employees Benefits will be paid as per existing collective agreement beginning in year 11 and after New hires will not receive benefits under the legal services plan while active or retired and their hours will not be part of the funding rate
Wage Premiums means paid premiums for operators who hold a valid Environment Certificate, recognized by the RMWB, above level four in an Environment Discipline. [2014]