Island Savings Credit Union - Collective Agreement Ratified

COPE 378 members voted to ratify a new two-year collective agreement. The agreement will take effect July 1, 2011 and remain in effect until June 30, 2013.

Highlights of the agreement include:
·        No concessions
·        2.50 % pay raise in the first year – effective July 1, 2011
·        2.75 % pay raise in the second year – effective July 1, 2012
·        Improved vision care allowance - $600 rolling
·        Improved RRSP contributions – 10.25% effective July 1, 2012
·        Improved sick leave accumulation carry-over
·        Improved severance pay – two (2) weeks for every year of service with no cap
·        Improved supplementary vacations
·        New - reasonable work load provision
·        New – harassment language
·        New – benefits, RRSP contributions, sick leave accumulation and vacation accumulation to continue
         during Pregnancy and Paternal Leave
·        New – appeals regarding job duties to expedited mediation arbitration
·        New – particulars of benefit plan to form part of the collective agreement
 
The bargaining committee would like to thank all members for their support and thank those who came out to vote on the new agreement. The parties will now finalize the agreement and once complete, copies will be made available.
 
If you have any questions or concerns regarding your new collective agreement, please do not hesitate to speak to a member of the bargaining committee.
 
Yours,
Jack Gerow, Union Representative