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YUFA News |
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Notes on "Your Personalized Total Compensation Statement"Over the holidays, most YUFA members received a booklet from the Employer entitled "Your Personalized Total Compensation Statement". According to the introductory "message", the purpose of this document is "to assist you in understanding the value of your salary and benefits", that is, to help you feel warm holiday thoughts about your Employer. Unfortunately, several parts of this booklet are unclear. The following annotations may assist you in understanding it. Cover page and page 3: "As at/of December 31, 2000" - Yes, this date is correct. Page 4: "Disability Insurance" - This should not appear here; it is not a "York-Paid Employee Benefit". In fact, it is YUFA members who pay all premiums for this coverage. Page 4: "York-Paid Statutory Benefits" - All employers must by law pay these 'taxes' on wages. That is, unlike most other things listed on this page, these are not benefits negotiated by YUFA and the Employer or provided to you the Employer. These are required contributions to universal social programmes. Page 7: "Maternity, Adoption, Parental Leave" - According to the booklet, "York will grant you" these leaves. In fact, these leaves are legal rights of most Canadian workers. What the Employer has agreed to give members, as negotiated with YUFA, is the continuation of full salary for the period of the leave, as opposed to what members would receive under the relevant legislation (i.e. 55% of regular wages to a maximum of $413/week, less a waiting period). A final note about your salary Two different pay amounts and seemingly contradictory dates are listed on pages 4 and 6 where your salary is recorded. To clear up any confusion, here is an exact description of these amounts:
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