Labour Relations
2019/2020 Voluntary Reduced Workweek (VRW) Program
Approximate Net Pay Reduction
ASSUMPTIONS:
- Deductions begin May 10, 2019 and end March 27, 2020 (i.e. spread over 24 pays)
- Union Dues are based on MGEU rates for "normal" pay
- CSSF is calculated @ 8.0% and is based on "normal" pay
- No adjustment made for employees who reach CPP/EI maximum
- Any other deductions remain constant
Calculations are rounded to the nearest dollar and will NOT match your exact circumstances.
The net pay impact (i.e. actual reduction to your pay) is obtained by subtracting the change in your statutory deductions (CPP, EI and Tax) from the gross VRW reduction amount shown on your pay advice.
Approximate Net Pay Reduction
# of
|
$35k |
$40k |
$45k |
$50k |
$55k |
$60k |
$65k |
$70k |
$75k |
$80k |
$85k |
1 |
$4 |
$4 | $5 | $5 | $5 | $6 | $6 | $7 | $7 | $7 | $8 |
2 |
$8 |
$9 | $10 | $11 | $11 | $12 | $13 | $13 | $14 | $14 | $15 |
3 |
$12 |
$13 | $15 | $16 | $16 | $17 | $19 | $20 | $22 | $21 | $23 |
4 |
$16 |
$17 | $19 | $22 | $22 | $23 | $25 | $27 | $29 | $28 | $30 |
5 |
$19 |
$22 | $24 | $27 | $27 | $29 | $31 | $34 | $36 | $36 | $38 |
6 |
$23 |
$26 | $29 | $32 | $32 | $35 | $38 | $40 | $43 | $43 | $45 |
7 |
$27 |
$30 | $34 | $38 | $38 | $40 | $44 | $47 | $51 | $50 | $53 |
8 |
$31 |
$34 | $39 | $43 | $43 | $46 | $50 | $54 | $58 | $58 | $60 |
9 |
$35 |
$39 | $44 | $49 | $49 | $52 | $56 | $61 | $65 | $66 | $68 |
10 |
$39 |
$43 | $49 | $54 | $54 | $58 | $63 | $67 | $72 | $73 | $75 |
11 |
$43 |
$47 | $53 | $59 | $60 | $64 | $69 | $74 | $79 | $81 | $83 |
12 |
$47 |
$52 | $58 | $65 | $66 | $69 | $75 | $81 | $87 | $89 | $91 |
13 |
$50 |
$56 | $63 | $70 | $72 | $75 | $81 | $88 | $94 | $96 | $98 |
14 |
$54 |
$60 | $68 | $75 | $78 | $81 | $88 | $94 | $101 | $104 | $106 |
15 |
$58 |
$65 | $73 | $81 | $84 | $87 | $94 | $101 | $108 | $112 | $113 |
16 |
$62 |
$69 | $78 | $86 | $90 | $93 | $100 | $108 | $115 | $120 | $121 |
17 |
$66 |
$73 | $82 | $92 | $96 | $99 | $106 | $114 | $123 | $127 | $128 |
18 |
$70 |
$78 | $87 | $97 | $102 | $105 | $113 | $121 | $130 | $135 | $136 |
19 |
$74 |
$82 | $92 | $102 | $108 | $111 | $119 | $128 | $137 | $143 | $144 |
20 |
$78 |
$86 | $97 | $108 | $113 | $117 | $125 | $135 | $144 | $150 | $152 |
EXAMPLE:
Using the assumptions stated above for an employee earning $50,000 per year and takes 10 VRW days.
| No VRW | With VRW | ||
| CPP | $91.21 | $87.13 | |
| EI | $31.15 | $29.86 | |
| Tax | $311.56 | $290.71 | |
| Total | $433.92 | $407.70 | -$26.22 |
| Change in Statutory Deductions | -$26.22 | |
| VRW Reduction | $80.13 | |
| Net Pay Impact | $53.91 | |
| Rounded to | $54.00 |
In the chart above, look at the point where $50,000 salary and 10 VRW days meet.
The value is
$54 .
