The minimum wage in B.C. is going up 20 cents, or 1.95 percent, to $10.45 per hour on September 15.

Each September after that, it'll rise in accordance with B.C.'s Consumer Price Index, a measure of inflation.

Minister of Jobs, Tourism and Skills Training Shirley Bond made the announcement today (March 12) to a crowd of reporters.

Meanwhile, the lower minimum wage for liquor servers, who generally earn tips, will rise from $9 to $9.20, and also be indexed to the CPI.

"Going forward, from 2016 onward, the minimum wage will be determined using a formula calculated upon the percentage the B.C. Consumer Price Index (CPI) increased in the previous calendar year. In years where there is a negative CPI change, the minimum wage would stay the same," reads a news release from the Ministry of Jobs, Tourism and Skills Training.

The new minimum wage falls short of the $15 rate called for by the B.C. Federation of Labour.

"Using every standard measure of poverty, $15 an hour would bring workers’ wages above the poverty line. It will also benefit local businesses and support the local economy by putting money in workers’ pockets to spend in their community," states a B.C. Fed petition.

The B.C. Fed posted its response to the announcement on Twitter: "@bcliberals keep workers in poverty. With their plan min wage won't reach $15/hr until 2034."

B.C. last upped the minimum wage on May 1, 2012.

Going forward, minimum wage hikes will be announced each March.

"The daily rate for live-in home support workers and live-in camp leaders, as well as the monthly rates for resident caretakers and the farm worker piece rates (for harvesters of certain fruits and vegetables) are increased proportionate to the 20-cent increase in the general minimum hourly wage. All of the new rates will take effect on Sept. 15, 2015," the ministry release says.

According to the government, 110,400 employees, or 5.9 percent of the paid workforce, earn the minimum wage.