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Contracts




Confused about the new FB rates of pay?
  

PM3 to FB3




















FB-3









Conversion Rates (June 21st 2007) 55637 57751 59946            
      3.6%







June 21st 2007 56917 59079 61325            
      6.0%







June 21st 2008 57771 59965 62245            
        11.7%





Conversion Rates (June 21st 2009) 57771 59965 62245 64610          
          15.9%





June 21st 2009 58638 60864 63179 65580
99.3% percent of CX-2 on a hourly basis
          17.7%





June 21st 2010 59518 61777 64127 66564          
          19.5% increase over the life of the collective agreement  
                     
Senario for an employee at the maximum rate of the PM3 level on June 20, 2007.



Conversion rule is closest to, but not less than the employee's rate of pay on June 20, 2007.        
The current maximum rate PM-3 55724                
Placement would be at step 2                  
Max CX-2 Rate in 2009 66072                
                     





Pension

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