Based on the March 2023 CPI-W (1982-84) of 296.021, the 2024 CSRS and FERS COLAs are currently projected to be 1.4%. The new pay rates can be seen in the new letter carrier pay schedule availablehere. NOTE: Effective June 19, 2021, the The fourth regular Cost of Living Adjustment under the 2019-2023 National Agreement will be $1,934 annually for letter carriers in Table 1 and at Step O of Table 2. The new ratified agreement covers the It also keeps in place the existing protections against subcontracting and layoffs. This is because 1) the proposed agreement must still be ratified and will become effective after that, and 2) retroactive pay for EACH of about 200,000 USPS City Letter Carriers must be individually calculated. Other Notable Memorandums of Understanding (MOUs). Backpay for some former city carrier assistants that were converted to career status between November 23, 2019 and April 9, 2021 must be calculated manually, resulting in a delay in payment. The Postal Service has advised NALC that the PTF hourly rates in the new City Carrier Wage Schedule effective February 26, 2022 are not expected to be fully implemented until March 26, 2022 (Pay Period 8). Adobe Acrobat Pro 11.0.23 endstream endobj 3 0 obj <> endobj 5 0 obj <> endobj 9 0 obj <> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj <> endobj 321 0 obj <> endobj 322 0 obj <. The correct rates and retroactive pay adjustments will be implemented as soon as administratively practicable. Most eligible city letter carriers will receive retroactive pay pursuant to the 2019-2023 National Agreement on their August 20 paychecks. WebAfter Pressure, Management Sets Retroactive Pay Date: October 28, 2022. Accordingly, we will not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information. The following pay increases will be included in the retroactive pay from the effective date indicated for each: *Cost of living increases referenced above are paid proportionally to city carriers in Table 2 in accordance with Article 9.3.E of the National Agreement. The higher rates will be reflected in adjustments to TSP, Retirement, terminal leave payments, and life insurance. As soon as additional information is available, it will be posted here on the NALC website. This is because 1) the proposed agreement must still be This will be based on pay rates, paid work and leave hours, holiday pay, and premium pay (overtime) hours. The proposed contract provides for the addition of a new top step to NALC pay Tables One and Two on Nov. 19, 2022. Update on Management Implementation of Pay Provisions of the 2021-2024 National Agreement, Penalty Overtime Exclusion Period, New Leave Year, It Pays to Be Union! _____________________________________________________________________. The fourth regular Cost of Living Adjustment under the 2019-2023 National Agreement will be $1,934 annually for letter carriers in Table 1 and at Step O of Table 2.
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