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Economic Policy Committee Minute How to Read Your Paystub.

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Presentation on theme: "Economic Policy Committee Minute How to Read Your Paystub."— Presentation transcript:

1 Economic Policy Committee Minute How to Read Your Paystub

2 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.ca There is a link on the left hand side of the page.

3 Current Pay Grid Chart With 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.

4 A Pay Advice

5 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.

6 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 Tax CPP: Canada Pension Plan EI: Employment Insurance Total government deductions this month: 1,132.24

7 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.

8 For full-time teachers, these numbers should remain the same during 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

9 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

10 59,217 12 = 4,934.75 4,934.75 – 1,132.24 = 3,802.51 3,802.51 – 532.64 = 3,269.87

11 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.


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