Pay Equity Payment Schedule
The 21,000 pensioners eligible for pay equity payment may receive up to five cheques as per the following schedule:
- April 2000
Employee’s salary adjustment under the agreement for the period April 1, 1989 to 28 July 28, 1998. This cheque will also include a 5% lump-sum payment covering any possible personnel actions such as overtime, promotions and acting appointments for the period 1 April 1989 to 31 March 1994*. - June 2000
Pay rates that took effect 29 July 1998, plus a retroactive payment for the period 29 July 1998 to the present. - August 2000
Retroactive amount for the period 8 March 1985 to 31 March 1989, as well as a 5 per-cent lump-sum payment in lieu of recalculating personnel actions such as overtime, promotions and acting appointments during this period.
(The third retroactive period predates the first two because it must be calculated manually and therefore takes longer to tally. The first two payments can be done automatically by the pay system.) - July-October 2000
Salary adjustments based on the recalculation of personnel actions such as overtime, promotions and acting appointments from 1994 to 29 July 1998. - November-December 2000
Interest on all previous payments. Canada Savings Bond interest rates will be used, with calculations based on the applicable rate for each six-month period.
As well, pensions and disability insurance benefits will be adjusted, starting in late 2000 and through 2001.
* The 5-per-cent payment goes to everyone to avoid the administrative nightmare of recalculating the thousands of variables inherent in 230,000 separate cases over a 15-year period.
