Did you know that overload pay is being excluded from your pensionable earnings?
Your Collective Agreement states that: “Pensionable earnings include base salary, stipends, and any variable pay paid by or through the Employer.” in Articles 26.01b) and 25.01b) respectively, in the TTTF and TF agreements.
The Faculty Association has learned that the Employer has not been including overload payments for teaching overload courses in its calculations of pensionable earnings since at least 2009. Most of you who have taught overload have probably signed an individual contract that included a statement similar to this:
“This overload payment is exempt from your benefits or pension plan.”
The Faculty Association recently informed the employer that this practice is no longer acceptable, and we expect strict compliance with the Collective Agreement.
Please contact us if you are asked to sign an overload contract containing such a statement.