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Part VI - Pay and Duration

Article 57
Duration

57.01 The duration of this Agreement shall be from the date it is signed to November 6, 2009.

**Appendix "A"

FI - Financial Management
Annual Rates of Pay
(in dollars)

A) Effective November 7, 2007
X) Effective November 7, 2008 - Restructure
B) Effective November 7, 2008

FI - Development
From:	$	24018	to	44154
To:	A	24570	to	45170
	X	24570	to	45170
	B	25135	to	46209
FI-1
From:	$	44919	46994	49073	51152	53225
To:	A	45952	48075	50202	52328	54449
	X	45952	48075	50202	52328	54449
	B	47009	49181	51357	53532	55701

From:	$	55308	57384	59461	61776
To:	A	56580	58704	60829	63197
	X	56580	58704	60829	64461
	B	57881	60054	62228	65944
FI-2
From:	$	54677	57213	59750	62288	64826
To:	A	55935	58529	61124	63721	66317
	X	55935	58529	61124	63721	66317
	B	57222	59875	62530	65187	67842

From:	$	67363	69898	72719
To:	A	68912	71506	74392
	X	68912	71506	75880
	B	70497	73151	77625
FI-3
From:	$	69185	72100	75014	77926	80840
To:	A	70776	73758	76739	79718	82699
	X	70776	73758	76739	79718	82699
	B	72404	75454	78504	81552	84601

From:	$	84077	87440
To:	A	86011	89451
	X	86011	91240
	B	87989	93339
FI-4
From:	$	77269	80545	83827	87110	90392
To:	A	79046	82398	85755	89114	92471
	X	79046	82398	85755	89114	92471
	B	80864	84293	87727	91164	94598

From:	$	94034	97795
To:	A	96197	100044
	X	96197	102045
	B	98410	104392

Pay Notes

Pay Adjustment (FI-DEV.)

(2) An employee being paid in the Financial Management Development range shall have the employee's rate of pay increased on:

(a) November 7, 2007, to a pay rate within the "A" range which is two point three percent (2.3%) higher than the employee's former rate of pay,

(b) November 7, 2008, to a pay rate within the "B" range which is two point three percent (2.3%) higher than the employee's former rate of pay,

Restructure

(3) Effective November 7, 2008, prior to any other pay revision which occurs on that date, all employees shall be paid in the "X" scale of rates at the rate of pay which is immediately below the employee's rate of pay.

**Appendix "B"

Memorandum of Understanding
between the
Treasury Board
(hereinafter called the Employer)
and
The Association of Canadian Financial Officers
(herinafter called the Association)
in Respect of
the Financial Management Group

Preamble

In order to compensate for specific responsibilities associated with the implementation of the Chief Financial Officer (CFO) Model during the period of transition, the Employer will provide a CFO Transitional Allowance to incumbents of positions at the FI-01 through FI-04 levels for the performance of duties in the Financial Management Group.

Application

1. The parties agree that incumbents of positions identified above shall be eligible to receive a "Chief Financial Officer (CFO) Transitional Allowance" as specified in 1(a) and 1(b) subject to the following conditions:

(a) Effective November 7, 2005 and ceasing on November 6, 2008, a Transitional Allowance is to be paid to employees at the maximum of each level in accordance with the following grid:

Chief Financial Officer (CFO) Transitional Allowance
	% of Level Maximum
FI-1	2%
FI-2	2%
FI-3	3%
FI-4	4%

(b) Effective November 7, 2008, the percentage by which the Transitional Allowance is reduced from the previous grid will be rolled into salary at the maximum of each applicable level. Also effective November 7, 2008, a Transitional Allowance is to be paid to employees at the maximum of each level identified in accordance with the following grid:

Chief Financial Officer (CFO) Transitional Allowance
	% of Level Maximum
FI-3	1%
FI-4	2%

(d) An employee shall be paid the Chief Financial Officer (CFO) Transitional Allowance for each calendar month for which the employee receives at least ten (10) days' pay.

(e) The Allowance shall not be paid to or in respect of a person who ceased to be a member of the bargaining unit prior to the date of signing of this Agreement.

(f) The value of the Chief Financial Officer (CFO) Transitional Allowance payable is at the value specified in 1(a) or 1(b) for the level prescribed in the certificate of appointment of the employee's substantive position.

(g) When an employee in receipt of the Chief Financial Officer (CFO) Transitional Allowance is required by the Employer to perform the duties of a higher classification level within the FI bargaining unit the Transitional Allowance of the substantive position shall continue.

2. Part-time employees shall be entitled to the Allowance on a pro rata basis.

3. The parties agree that disputes arising from the application of this Memorandum of Understanding may be subject to consultation.

4. This Memorandum of Understanding expires on November 6, 2009.