Economic Stability Mandate
The Government of BC’s Economic Stability Mandate applies to all public sector employers with unionized employees whose collective agreements expire on or after December 31, 2013.
The mandate provides employers the ability to negotiate longer-term agreements within a fixed fiscal envelope to create certainty and stability throughout the public sector, and offers public sector employees an opportunity to participate in the province’s economic growth through the Economic Stability Dividend.
The Economic Stability Mandate includes two components:
- Modest general wage increases to be negotiated within a fixed fiscal envelope
- Growth sharing increases equal to half of any percentage point gain in real GDP growth above forecasted GDP growth