December 20, 2011

OPSEU Local 507 is pleased to announce the ratification of a new Collective Agreement between OPSEU and Teranet Inc. on Monday, December 19, 2011

Changes include:

A wage adjustment of:

• 2011 – 0% general wage increase (+ $1600 lump sum payment)

• January 1, 2012 – 2.25% general wage increase

• January 1, 2013 – 1.75% general wage increase

• On call premiums increased $5.00 to $55/week for the first 26 weeks a year, and doubled to $100/week for any week on call beyond the first 26 weeks.

• Eye care coverage increased to $450/24 months ($350/12 months for dependent children) plus $80 for eye exam.

• Hearing aids increased to $800/4 years.

• Dental implants considered for reimbursement at the cost of the least expensive professionally adequate treatment to the plan maximum.

• Severance maximums increased from 26 to 35 weeks and include placement services.

Please click here to read the full ratification package.

Teranet is an international leader in electronic land registration and is the exclusive provider of online property search and registration in Ontario. The company developed, owns and operates Ontario’s Electronic Land Registration System (ELRS) and facilitates the delivery of electronic land registration services on behalf of the Province of Ontario.

Teranet is a wholly-owned investment of Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS).