Central Collective Agreement - OPSEU

35. GUARANTEED UNRESTRICTED DEPOSIT ACCOUNT (NOT ATTACHED TO THE
COLLECTIVE AGREEMENT)
MEMORANDUM OF AGREEMENT
Between
THE CROWN IN RIGHT OF ONTARIO
as represented by the Ministry of Government Services
(the “Employer”)
-and-
ONTARIO PUBLIC SERVICE EMPLOYEES UNION (OPSEU)
(the “Union”)
IN THE MATTER OF:
GSB #2007-2604
Guaranteed Unrestricted Deposit Account (GUDA)
Without precedent and prejudice the parties hereto agree to the following terms as full and
final settlement of all matters in dispute pertaining to the above-noted grievance concerning
the employee or Employer Guaranteed Unrestricted Deposit Account (GUDA):
1. For the period of January 1, 2009 to April 30, 2009, the Employer agrees to extend the
contribution holiday referable to those employees represented by OPSEU who are
enrolled in the vision and hearing aid coverage and the supplemental and dependent life
insurance plans. As a result, those employees will not be required to pay premiums for
the aforementioned benefits for which they are enrolled from January 1, 2009 to April 30,
2009.
2. The parties further agree that those seasonal employees represented by OPSEU who
previously enrolled in the vision and hearing aid coverage during their previous period of
seasonal employment will be entitled to the contribution holiday reflected in paragraph 1
above upon re-enrolment.
3. The extension of the contribution holiday as outlined in paragraph 1 and 2 above, will be
funded through the Employer portion of the Guaranteed Unrestricted Deposit Account
(GUDA). It is estimated that the value of this contribution holiday is in excess of
$2,400,000.
4. The Employer further agrees to pay to the employee portion of the GUDA the amount of
$300,000 in satisfaction of any and all accrued interest and related liabilities relating to
the GUDA. This amount is to be paid out of the Employer portion of the GUDA.
5. The parties agree and acknowledge that the payment stipulated in paragraph 4 above is
in no way an admission of any liability, is entirely without any precedential value and shall
not be relied upon by any party in any future proceedings.
6. This Memorandum of Settlement constitutes full and final settlement of any and all
claims, complaints, grievances or actions whatsoever that the Union and its members
have or may have against the Employer, its representatives, employees and officials
whether under a Collective Agreement, statute, regulation, policy, contract or at law as a
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