Healys award granted some of what the NALC sought but it also granted USPS management some of what they sought. The Postal Services share will decline by 1 percentage point to 72 percent in 2022 and 2023 and will be capped at 75 percent of any given plans premium. 1.1 percent effective Nov. 21, 2020, paid retroactively. We would like to draw your attention to the following important investment warnings. Of note, it is not mandatory that a Branchs existing local contract be opened for renegotiation. In accordance with the 2018-2021 Collective Bargaining Agreement, career employees represented by the APWU will receive a 93 cent per hour cost-of-living adjustment (COLA), effective August 28, 2021. We dont spam! September 2021 Federal Benefits Service is a financial data, news, and federal benefits education portal. Postal Service have reached a tentative three-year Collective Bargaining Agreement (CBA) announced APWU President and Lead Negotiator Mark Dimondstein. application/pdf Back pay and COLA update M For city carrier WebUSPS continues to pay $125 per pay period toward Self Only premium ; USPS to pay 65% of Family or Self Plus One premiums during first year of employment ; USPS to pay 75% Thetentative agreementprovides four annual general wage increases and seven cost-of-living adjustments (COLAs). The Postal Service has also advised NALC that any backpay due to the delay in implementing the additional hourly holiday pay for eligible Part-time Flexible City Backpay is calculated for all paid hours between November 23, 2019 (the date of the first general wage increase in the Agreement) and April 9, 2021 (the day before new pay rates were implemented as explained here). NALC Backpay and COLA update. As I have reported repeatedly over the past several months, NALC followed a dual-track approach to achieve a new contract with both ongoing negotiations and the presentation of the best possible case for our proposals in interest arbitration. Under the terms of the 2018-2020 National Agreement, employees will receive four retroactive pay increases: Retro pay for Information Technology/Accounting Services (IT/AS) bargaining unit will be paid (barring any issues or unexpected systems changes) in PP 14-2020, pay date July 10, 2020. No interest arbitration is ever totally in favor of one side or the other, said APWU President MarkDimondstein. The 2024 COLAs for CSRS and FERS benefits are based on the increase in the average CPI-W between the 3rd quarter of 2022 (291.901) and the 3rd quarter of 2023 (TBA). This issue was discovered during a recent quality check of the process. NALC - Backpay and COLA update - Postal Times I've been told over and over again "by the end of July" by higher ups so . The IT/AS Agreement retro will cover the period from January 19, 2019 through April 10, 2020. Today, the NRLCA National Board filed a National Step 4 Grievance over the Postal Services continued delays in paying the retroactive salary adjustments due to