The University of British Columbia (UBC) Board of Governors and Canadian Union of Public Employees (CUPE) Local 116 have ratified an agreement negotiated under the Economic Stability Mandate.

This five-year agreement covers approximately 2,150 employees at UBC in the areas of trades, food, custodial, research, housing, security and parking.

More than 230,000 people are now covered by long-term tentative or ratified agreements negotiated under the 2014 Economic Stability Mandate. This represents over three-quarters of all unionized employees in B.C.

The government's Economic Stability Mandate gives public-sector employers the ability to negotiate longer-term agreements within a fixed fiscal envelope, and offers employees an opportunity to participate in the province's economic growth through the Economic Stability Dividend. Settlements are expected to be unique and to reflect priorities negotiated to ensure labour stability and affordable service delivery throughout B.C.

Quick Facts:

• The new 2014 Economic Stability Mandate applies to all public-sector employers whose collective agreements expired on or after Dec. 31, 2013.
• If the province's real GDP growth exceeds forecasts over the terms of the agreement, the agreement provides for the sharing of some benefits of that growth with the public-sector employees who work on behalf of British Columbians and help make that growth possible.
• Under this proposal, employees would receive a conditional, incremental wage increase equal to half of any percentage-point gain in real GDP growth above the Economic Forecast Council's forecast published in the February budget.
• For example, if real GDP growth is one percentage point above forecast real GDP growth, then a 0.5% wage increase would result, beyond whatever wage increase had been negotiated in the contract.

Learn More:

An up-to-date listing of tentative and ratified agreements under the Economic Stability Mandate is available at: www.fin.gov.bc.ca/psec/bargaining/2014%20Bargaining%20Status.pdf

Media Contacts:

Ministry of Finance
Government Communications and Public Engagement
Jamie Edwardson
250 356-2821

Ministry of Advanced Education
Government Communications and Public Engagement
Stacey McGaghey Jones
250 952-6400