Total Compensation
At Â鶹´«Ã½, Total Compensation covers Benefits, Pension, and Data and Systems Management. The team works to support the Â鶹´«Ã½ community and help deliver on some of the core features of the university’s commitment to its people.
Salary
Collective agreements: Most of Â鶹´«Ã½'s salary levels and scales are established through collective bargaining with its employee groups, and outlined in collective agreements. (exception: Â鶹´«Ã½ Professional and Managerial Group, DPMG, which is non-unionized) VisitÌýÌýfor more details about each collective agreement.
December holiday break:ÌýThe time between the statutory holidays of Christmas and New Year’s is granted to employees as days off separate from their standard vacation allotment.Ìý
Benefits
The terms of Â鶹´«Ã½'s group benefits packages are considered through the Â鶹´«Ã½ Employee Benefits Committee. The committee considers all matters relating to benefit programs for faculty and staff, and works together to bring forward common changes. Visit Benefits for each employee group's benefit package and details.
Pension
Ìýmeans the amount employees receive after retirement is determined by a set formula, rather than being directly related amount of contributions they make or the return on investment that is achieved. At Â鶹´«Ã½, this formula is two percent multiplied by (a) the number of years of service in the pension plan and (b) the average of the employees' three best earning years. For example, if an employee’s best three years of salary averaged $50,000, and they were in the pension plan for 25 years, they would receive $25,000 annually.
Visit the PensionÌýPlanÌýfor more details.