economic policy committee minute how to read your paystub
TRANSCRIPT
EconomicPolicy Committee
Minute
How to Read Your Paystub
This is your Collective Agreement,get to know it – it is your friend!
The Agreement can also be found online at the ATA Local 38 website: local38.teachers.ab.caThere is a link on the left hand side of the page.
Current Pay Grid ChartWith The 4.82% Increase
For Those On Grid
The following information is in relation to Article 3 in the Agreement.The above chart is available on the local38.teachers.ab.ca website.
A Pay Advice
Where You Fit Into The Pay Grid Chart
The letter here indicates the number of years of education, in this case 4 years.
The step you are indicates the number of years of completed service, in this case 2.
Your annual salary, before deductions,which should match the pay grid chart –if you are a full-time, salary teacher.
D equals 4 years of university as determined by Teacher Qualifications Services. Additionally, E = 5 and F = 6. Be certain to check this.
Tax Deductions
If you have any questions about the information in this box, check out the
Service Canada website,servicecanada.gc.ca
CIT: Canada Income TaxCPP: Canada Pension PlanEI: Employment Insurance
Total government deductions this month: 1,132.24
Listed here are any deductions for personal days, sick days (which are also shown as reimbursed) and any other reductions/additions.
Hours and Earnings
It is important to remember YTD (Year To Date) refers to the time from January 1 to December 31.
The “Rate” is important to payroll administration and can be ignored.
For full-time teachers, thesenumbers should remain the sameduring any one school year. They are adjusted annually to reflect ATA budget changes and pension plan requirements. For part-time teachers,these rates are pro-rated.
Before-Tax Deductions
The numbers listed here are the premiums the CBE pays for our benefits coverage.We DO NOT contribute to these funds, the CBE does so solely!
Benefits
59,217 12 = 4,934.75 4,934.75 – 1,132.24 = 3,802.51 3,802.51 – 532.64 = 3,269.87
Pay Issues
• If you have any concerns regarding the accuracy of your pay please contact the Employee Contact Centre at 1-877-353-2555.
• If concerns persist please contact the Executive Assistant to Local 38 at 403-262-6616.