3% General Wage Increase for July 1, 2024
We hope you are enjoying the start of the Spring season.
We wanted to send you a note about your upcoming general wage increase (GWI) that comes into effect on July 1, 2024.
As you may remember, your GWI for 2024 is a guaranteed 2% increase, plus a potential inflation adjustment increase of another 1% if the BC inflation rate remains above 2%.
The inflation adjustment increase is based on the annualized average of the BC Consumer Price Index (CPI) over the previous 12-month period of March to February.
The BC government just announced on their website that the 12-month BC CPI average from March 2023 to February 2024 reported today is 3.4%. This means that the inflation adjustment increase has been triggered and therefore, your GWI for July 1, 2024 will be 3%.
If you have any questions or concerns about your specific situation, please do not hesitate to contact the AAPS office.