|By Marketwired .||
|October 18, 2013 06:14 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 10/18/13 -- The Honourable Tony Clement, President of the Treasury Board, today announced that the Government has found a way forward in its efforts to modernize its employee pay system.
"When it came to our attention, this government did what was fair and reasonable for its employees," said Minister Clement. "As we transition from the 40 year-old computer pay system to the new system, employees will not see any interruption in the bi-weekly pay cycle."
The transition to pay in arrears includes both the core public administration, where Treasury Board is the employer, as well as separate employers.
The change to pay in arrears will take effect April 2014, and will have no impact on current staff beyond an administrative change. New employees will go on the new system.
The pay system administers the payroll for more than 300,000 employees in 110 departments and agencies, the largest payroll in Canada. It carries out approximately 8.9 million annual transactions valued at approximately $17 billion.
"The Government is committed to streamlining, consolidating and standardizing its administrative functions and operations," stated the Minister. "These measures will save money for taxpayers and will ensure that the Public Service of Canada remains affordable, modern, and high-performing."
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Acting Director of Communications
Office of the President of the Treasury Board
Treasury Board of Canada Secretariat