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Finance

Economic growth pays dividends for B.C. public-sector employees

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Finance

Economic growth pays dividends for B.C. public-sector employees

Media Contacts
Jamie Edwardson
Communications director
Ministry of Finance
250 356-2821
Media Contacts
Jamie Edwardson
Communications director
Ministry of Finance
250 356-2821

Backgrounders

Public sector workers benefit from a growing B.C. economy

The following are examples of the most-populous positions across the public sector meant to illustrate the average increase these employees may receive. The calculations are based on an estimated average annual salary, outlining the increase for the first Economic Stability Dividend (ESD) of 0.45%, as well as the second ESD of 0.35%. These average salaries exclude the compounding effect of the previous dividend and the wage increases negotiated under the Economic Stability Mandate.

K-12 sector examples:

  • Education assistant — assuming an average annual salary of $24,000 would see the following increases :
    • 1st ESD/Year: $108
    • 2nd ESD/Year: $84
  • Teacher — assuming an average annual salary of $78,000 would see the following increases :
    • 1st ESD/Year: $351
    • 2nd ESD/Year: $273

Post-secondary sector

  • Instructor — assuming an average annual salary of $90,000 would see the following increases :
    • 1st ESD/Year: $405
    • 2nd ESD/Year: $315
  • Support staff employee — assuming an average annual salary of $47,000 would see the following increases :
    • 1st ESD/Year: $212
    • 2nd ESD/Year: $165

Health sector

  • Registered nurse — assuming an average annual salary of $83,000 would see the following increases :
    • 1st ESD/Year: $374
    • 2nd ESD/Year: $291
  • Health science professional — assuming an average annual salary of $67,000 would see the following increases:
    • 1st ESD/Year: $302
    • 2nd ESD/Year: $235
  • Facilities subsector — assuming an average annual salary of $45,000 would see the following increases:
    • 1st ESD/Year: $203
    • 2nd ESD/Year: $158

Community social services sector

  • Community living services residence or community support worker — assuming an average annual salary of $38,000 would see the following increases:
    • 1st ESD/Year: $171
    • 2nd ESD/Year: $133
  • General services residence worker –—assuming an average annual salary of $38,000 would see the following increases:
    • 1st ESD/Year: $171
    • 2nd ESD/Year: $133
       
  • General services adult, youth and/or child worker residence worker — assuming an average annual salary of $41,000 would see the following increases:
    • 1st ESD/Year: $185
    • 2nd ESD/Year: $144

Core public service

  • BCGEU master employee — assuming 1,827 average annual working hours would see the following increases:
    • 1st ESD/Year: $238
    • 2nd ESD/Year: $187

Note: this ESD is calculated as the cents per hour equivalent to the ESD formula. The numbers above are based on 1,827 average annual working hours.

  • PEA licensed science officer — assuming an average annual salary of $74,000 would see the following increases:
    • 1st ESD/Year: $333
    • 2nd ESD/Year: $259

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