Capilano University and the Capilano Faculty Association (CFA) have ratified an agreement negotiated under the Economic Stability Mandate.

The board of the Post-Secondary Employers' Association provided final ratification of the five-year settlement, which covers approximately 775 instructors, instructional associates, laboratory supervisors, counsellors, librarians, special appointees and private music instructors.

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:

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

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