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Economic Policy Committee Minute How to Read Your Paystub.

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Economic Policy Committee Minute How to Read Your Paystub
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Page 1: Economic Policy Committee Minute How to Read Your Paystub.

EconomicPolicy Committee

Minute

How to Read Your Paystub

Page 2: Economic Policy 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.

Page 3: Economic Policy Committee Minute How to Read Your Paystub.

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.

Page 4: Economic Policy Committee Minute How to Read Your Paystub.

A Pay Advice

Page 5: Economic Policy Committee Minute How to Read Your Paystub.

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.

Page 6: Economic Policy Committee Minute How to Read Your Paystub.

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

Page 7: Economic Policy Committee Minute How to Read Your Paystub.

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.

Page 8: Economic Policy Committee Minute How to Read Your Paystub.

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

Page 9: Economic Policy Committee Minute How to Read Your Paystub.

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

Page 10: Economic Policy Committee Minute How to Read Your Paystub.

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

Page 11: Economic Policy Committee Minute How to Read Your Paystub.

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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