ARCHIVED CD 2008-015: Information Notices to Employees

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Signing Bonus for employees in the Financial Management (FI) Group

The purpose of this notice is to advise you of a Signing Bonus payable to employees in the Financial Management (FI) group.

As a result of the FI collective agreement, a signing bonus in the amount of $500 is payable to all eligible employees (Union members) in the bargaining unit on June 6, 2008.

The signing bonus is a lump sum amount payable to all active and temporarily struck off strength (T-SOS) employees (Union members) in the affected group on the date of signing of the collective agreement. This includes employees acting in an affected position, as well as term employees (three months or more). Part-time employees will receive the total amount of the bonus (not prorated).

The signing bonus is subject to income tax, payroll tax, Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) contributions, Employment Insurance (EI) and Quebec Parental Insurance Plan (QPIP) premiums.

The signing bonus is not considered as salary for recalculation purposes. It is not subject to the Disability Insurance (DI) Plan, the Long-term Disability Insurance Plan (LTD), the public service pension plan, Supplementary Death Benefit Plan (SDBP) 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 shall receive the signing bonus by September 4, 2008.

Public Works and Government Services Canada (PWGSC) will process the automated payments on July 23, 2008, for employees in the FI group. Compensation advisors will be responsible for manually processing the payments for employees in dual employment / dual remuneration situations.

Any request for information regarding the foregoing should be addressed to your compensation advisor.