ARCHIVED CD 2007-003: Information Notice to Employees
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One-time Bonus Payment for Certain Employees in the Financial Management (FI) Group
The purpose of this notice is to advise you of a one-time bonus payable to certain employees in the Financial Management (FI) group.
As a result of the FI collective agreement, a one-time bonus in the amount of $300 is payable to all employees at the FI-01 and FI-02 levels in the bargaining unit on December 22, 2006.
The one-time bonus in the amount of $300 is payable to all active and temporarily struck off strength (T- SOS) employees in the FI group at the FI-01 and FI-02 levels on the date of signing of the collective agreement . This includes indeterminate and term employees, casuals as well as employees acting in FI-01 and FI-02 positions. Part-time employees will receive the total amount of the bonus (not prorated).
The one-time bonus payment is subject to income tax, the Canada Pension Plan (CPP) or the Quebec Pension Plan (QPP), the Employment Insurance Plan (EI) and the Quebec Parental Insurance Plan (QPIP) deductions.
The one-time bonus payment is not considered as salary for recalculation purposes. It is not subject to the Disability Insurance Plan (DI), the Long-term Disability Insurance Plan (LTD), the Public Service Pension Plan (PSPP), Supplementary Death Benefit Plan (SDB) and the Public Service Management Insurance Plan (PSMIP) deductions. It will not be used to calculate the 4% gratuity or other entitlements such as premium pay in lieu of statutory holidays.
This collective agreement must be implemented within 90 calendar days after the date of signing of the collective agreement. Consequently, employees in the FI group at the FI-01 and FI-02 levels shall receive the one-time bonus payment by March 22, 2007.
Any request for information regarding the foregoing should be addressed to your compensation advisor.
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