Federal Pay Equity Act Deadlines Fast Approaching
June 6, 2023 | Aicha Raeburn-Cherradi, Alyssa Gillespie Muzyk
The federal Pay Equity Act (“Act”) [1] came into force on August 31st, 2021. The purpose of the Act is to proactively address the pay gap between predominantly female and male job classes so work of equal value is compensated equally. The Act applies to private and public sector federally regulated employers with an average of ten or more employees.[2]
The Act requires an employer to create and post a pay equity plan within three years of becoming subject to the Act. That said, an employer with an average of ten or more employees when the Act came into force became subject to the Act immediately. For those employers, a final version of each employer’s pay equity plan must be posted by September 3rd, 2024. In advance of this deadline, a draft plan must be posted for employee comment before July 5, 2024.
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