Rate jumping by 20 cents an hour on Oct. 1, future hikes to be tied to CPI, average hourly wages
Saskatchewan’s minimum wage is rising by 20 cents an hour on Oct. 1, 2014.
The minimum wage will rise from $10 to $10.20, and the provincial government announced its intention to introduce regulations to provide for regular indexing of the minimum wage each year.
“Indexation of the minimum wage will provide security for minimum wage earners and ensure predictability for business owners in the province,” said Don Morgan, Labour Relations and Workplace Safety Minister.
He pointed out that, since 2007, the province’s minimum wage has increased six times — rising from $7.95 to $10.20, a number he said is “well ahead the rate of inflation.”
According to the province, highlights of the new minimum wage regulation will include:
•Indexation formula will be based on the equal weighting of the percentage changes in the Consumer Price Index and Average Hourly Wage for the previous year.
•A change in the minimum wage will be announced on or before June 30 of each year, with that change coming in effect on Oct. 1 of the same year.
