Thursday, January 14, 2010

Vacation Pay "Greater of" Applies This Time

This time our vacation pay on January 14 will be determined by the greater of percentage of earnings OR number of hours at the hourly rate (according to your years of service.)

Here is a copy of the explanatory message from our Manager of Human Resources:

"Under normal circumstances, an employee's annual vacation pay is based on a percentage of their actual earnings. This percentage of earnings normally exceeds the amount of annual vacation pay entitled under the hours vs percentage calculation."

"However, due to the lay-offs in 2009 there will be employees whose hours vs percentage calculation will exceed the percentage of their 2009 earnings."

This calculation will automatically take place once you have taken your first two weeks or more of vacation in 2010 as per the contract wording below:

BC Southern Interior Master Agreement, ARTICLE XII - Vacation with Pay, Section 11(a) -
"The hourly rate of the Employee's regular job, as provided for in Sections 1, 2, 3, 4, 5 and 6 above, shall mean the hourly rate of the Employee's regular job at the time the Employee takes the first two weeks or more of vacation after the the cut-off date."

Note: You will always get the minimum amount of vacation pay (usually the percentage) but to receive the "greater of" a minimum of two weeks vacation must be taken in 2010 to have the hours versus percentage calculation kick in. If you have any questions about this, contact either your supervisor or a job steward.

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