LTB 139/21 - Post Office: Pay Agreement - 97% Yes Vote

[POSTMAN]

https://www.cwu.org/ltb/ltb-139-21-post ... -yes-vote/

LTB 139/21 – Post Office: Pay Agreement – 97% Yes Vote
No. 139/2021

31st March 2021

Dear Colleagues

POST OFFICE: PAY AGREEMENT – 97% YES VOTE

I am pleased to advise Branches our Post Office members have voted overwhelmingly in favour of the one year Pay Agreement for 2020 as follows:

YES VOTES in favour of the pay agreement 920 97%
NO VOTES against the agreement 25 3%
TURNOUT 62%
*spoilt ballot papers – 2

The positive ballot result means members will receive the pay increase and all arrears backdated to 1st April 2020 including allowances and overtime with their April salaries.

Pension Contributions: Employee/Employer – New Maximum Tier of 20%

I would like to remind members that as an integral part of this agreement we have secured an improvement to the Defined Contribution pension scheme with a new maximum tier of 8% employee and 12% employer. We would encourage all members to take advantage of this new opportunity to have 20% of pay put into their pension pot. Members should email POL.Pensions@postoffice.co.uk using their Post Office email account to increase their employee contribution to secure a better employer contribution.

We are now considering our pay claim for 1st April 2021 and plan to bring a draft pay claim letter before the Postal Executive for endorsement. An LTB will be published following the submission of our claim.

In closing, I wish to thank our Representatives and members for their patience and support during the pay negotiations for 2020.

Yours sincerely

Andy Furey

Assistant Secretary