How to Read Your Teacher Pay Stub 2012-2013 All members are advised to regularly check their pay stubs each pay period to ensure the correct amount is deposited and that all deductions are accurate. Pay stubs are a valuable tool for a variety of reasons and the TDTU recommends that you NEVER throw them out. The Board Office often does not keep complete pay information on file. The following information is to help members understand their pay stub. IT IS ONLY A GUIDE. If you find errors on your pay stub, or have further questions, please contact the TDTU office. You are also advised not to store your paystubs on the CMSD site. You should print them, or store them off site in a secure location, as you may need them in the future. The top of your pay stub has four sections. The earnings and record of employer paid benefits are on the left. Deductions and your sick day accrual are on the right. The bottom of your pay stub should have your current address. This is the address that the School Board currently has on file so if it is not correct, please notify the payroll department immediately. SECTION 1 EARNINGS (this includes salary and allowances) CMTF Executive - this is your gross pay and should be 1/10 of the level of the salary grid that you are on and is pro-rated for part-time teachers. See your Collective Agreement salary grid (pg.24) to calculate the step you are on. The category is the level of teacher training that you have and is confirmed to the Board by the Teacher Qualification Service (TQS). Category 4 is a BC Standard Teaching Certificate. Category 5 is a BC Professional Teaching Certificate and this includes an undergraduate degree. Category PB 5+ is a BC Professional Teaching Certificate, and undergraduate degree, plus 30 credits of post degree work. Category 6 is a BC Professional Teaching certificate, an undergraduate degree, and a Master’s Degree. The steps are the number of years completed in the employ of the school district. Isolation Allowance Stewart Area $ 344.50monthly (1/10 of $3,445.00) Kitwanga Area $ 109.10 monthly (1/10 of $1,091.00 Hazelton Area $ 91.90 monthly (1/10 of $919.00) Department Head Allowance Level 1 $74.60 monthly (1/10 of $746.00) Level 2 $149.30 monthly (1/10 of $1493.00) Coordinator $ 258.40 monthly (1/10 of $2584.00) Itinerant Elementary Counsellor $258.40 monthly (1/10 of $2584.00) First Aid Allowance $86.10 monthly (1/10 of $861.00) TIC Allowance – Teacher in Charge is paid $57.42 for each day as a T.I.C. Recruitment and Retention Allowance (R & R) $230.00 monthly (1/10 of $2300.00). Salary Indemnity (SIP) - your Salary Indemnity Plan allowance is equal to 2% of your gross salary including all allowances. Section 2 EMPLOYER PAID BENEFITS This is a record of the amounts that the employer pays on your behalf to the benefit plans. They are not deductions but are a taxable benefit, so therefore must be identified to the employee. The amounts will vary from member to member depending on the plan choices you make. Please ensure you are being deducted correctly. Ex. family rate or single. ***BCTF EI Rebate is paid to the BCTF Salary Indemnity Fund (SIF) from the savings that the employer receives from their EI rates. *** SECTION 3 DEDUCTIONS Advance – this should be the amount that you received in the mid month advance and should equal 45% of net pay. CPP - Canada Pension Plan. 4.95% of gross pay is deducted to a maximum deduction of $2306.70. Most teachers reach this limit in June or September, after which the deduction disappears until January. ***This limit will change in January. ***It should be $2398.90 in 2013. EI - Employment Insurance. 1.78% of gross pay is deducted to a maximum deduction of $839.97. Most teachers reach this limit in May or June after which the deduction disappears until January. ***This limit will change in January. ***This is expected to be $893.18 in 2013. Income Tax – the percentage for this deduction varies greatly form member to member. It includes both provincial and federal tax and can range from 21% to 44% depending on the tax bracket you are in, the number of dependents, etc. You can ask for extra tax to be deducted-this is shown as a separate line item deduction. Pension - Teachers’ Pension Plan. 11.2% of pensionable salary including all allowances up to and including the YMPE (Years Maximum Pensionable Earnings) limit of $48,300.00 and 12.7% of salary in excess of that amount. ***The YMPE limit this is based on will change in January. *** As of July 2012, there will be an increase to your pension payments of 1.3%. BCTF Dues – provincial dues are 1.69% of regular salary including all allowances. The fee is set by the BCTF Annual General Meeting in March. C.M.T.F. Dues – local dues are $54.00 per month, pro-rated for part-time teachers. The fee is set by the TDTU Annual General Meeting in May. Teacher Regulation Branch (TRB) Fee – this is a once a year, $80.00 deduction, in April. This fee is paid to the Teacher Regulation Branch to maintain your BC Teaching Certificate and is mandatory for all teachers in order to teach in the BC Public School System. Please check your April paystub to ensure you have been deducted. Failure to pay your TRB fee could result in the loss of your certificate.*** This deduction amount is subject to change by the TRB. MSP - Medical Services Plan; employees pay 25% and the Board pays 75% of the premium for basic medical insurance operated by the provincial medical plan. The following are the amounts that should be deducted off you pay monthly: Rates currently: Single $16.63 (1/4 of $66.50) Couple $30.00 (1/4 of $120.00) Family $33.25 (1/4 of $133.00) SECTION 3 DEDUCTIONS, continued If your spouse has MSP coverage with another employer, select the plan with the better coverage and list the other spouse as a dependent for that plan. MSP plans cannot be “piggybacked” or double-dipped”, so paying two sets of premiums will not provide additional coverage. TRAVEL/VISION - Employees pay 50% and the Board pays 50% of the premiums for medical travel insurance and vision care operated by our carrier. Member pays $30.91 monthly (1/2 of $61.81) regardless if single, couple, or family. BCTF SIP - BCTF Salary Indemnity Plan - Short and Long Term totalling 1.63% of regular salary including all allowances. If you have reached “factor 88”, and have at least 100 sick days in your sick day accrual, you can apply to opt out of the long term portion of this deduction (1.22%) and only pay the short term portion (0.4%). This cost is offset by the SIP allowance (2%) that shows as earnings. EAP is the plan covering our counselling benefits for members and families. Each member pays $1.87 per month, regardless if single, couple, or family. Extended Health, Dental, and Life Insurance benefits are mandatory for all members and the premiums are 100% borne by the Board. Dental is possible to withdraw from, if the member can prove they are covered by another carrier. Extended health and dental benefits cover members and dependent family. Life Insurance covers the member only. If you are planning to withdraw, please call the union office for advice, prior to withdrawing. If your spouse has EHB coverage with another employer, check with the other employer about possible dual coverage and apply for both. Our EHB plan can be “piggybacked” or double-dipped”, so paying two sets of premiums may provide additional coverage. Out-of-Province Travel Insurance and Term Life Insurance are optional benefits in our collective agreement if members wish to have, however, the cost is 100% borne by the member. Optional 12 Month Pay Plan – if you have given written authorization to the Board to participate in the Optional 12 Month Pay Plan you will see a deduction titled “12 month pay” on the deductions side of your pay stub with an amount that equals 16% of your gross monthly pay from the earnings side. This amount will be saved until June, have interest applied monthly until April, and will be paid in two equal instalments in July and August 15th. Canada Savings Bonds is an option where the member can choose an amount to be deducted from their monthly pay and deposited into Canada Savings Bonds. Members need to make application to start the deduction or make changes to the already existing deduction in October of each year. Once you are on this deduction, you stay on it until you inform the Board otherwise. This money is subject to interest. Members then use a 1-800 number or the internet to cash in the Canada savings Bonds as needed. SECTION 4 SICK DAY BANK Each member accrues 1.5 sick days per month or a portion thereof for members working on a part-time basis. Each member is deducted at a rate of 1.0 sick day for each sick day taken or portion thereof for members taking portions of a day. It is very important to keep your own accurate records of your sick days, and check it against your pay stub each month. Sometimes sick days are not deducted in the month they are taken, so you need to wait for the end of the month following to report any errors.