Negotiators agreement reached

[norris9]

Lets hope the union endorse the 6 percent rise and lower lump sum to many short sighted posties not letting there brains kick in

What's the difference in £ terms?

and it depends on your situation which one you choose anyway....

Some people may have debts to pay, something to buy, want to invest, may be leaving the company within a year....so they'd be more likely to choose the larger lump sum which makes total sense.

Those who are committed to the company and the above does not apply to - may choose the lower lump sum.

I will look at it later, someone's saying the difference is £500 between the 2.... if so, then I may choose the smaller lump sum....

[SpacePhoenix]

Hopefully the CWU will post a complete copy of the whole deal on their website i the next couple of days so that we can have a good read through it

[cobrakai]

Lets hope the union endorse the 6 percent rise and lower lump sum to many short sighted posties not letting there brains kick in

What's the difference in £ terms?

and it depends on your situation which one you choose anyway....

Some people may have debts to pay, something to buy, want to invest, may be leaving the company within a year....so they'd be more likely to choose the larger lump sum which makes total sense.

Those who are committed to the company and the above does not apply to - may choose the lower lump sum.

I will look at it later, someone's saying the difference is £500 between the 2.... if so, then I may choose the smaller lump sum....

That’s correct the difference is £500ish if the back pay was calculated properly it’s a lot more. People fall for the lump sum crap every time

[FilthyBloke]

My concern is any new starters, which was a red line.

If they allow that to continue, then that will be the Pandora's box end game

Hey up Filthy Len/Keith - have you had a good weekend?

Read anymore George Orwell?

Great to see you adding your two penneth with more important info

Anyone who says you’re a banter account needs their bumps feeling

You’re the most clued up poster on here

Had a great weekend thanks. Even better now a deal is close.
George Orwell? No. Not read him in a long time.
And thanks for you kind words. But it’s a good job you are in a union as I can tell by your constant attempts at goading and insults that you are a little bit simple and probably need the union rep to help you go to the toilet.

Filthy Len/Keith you replied via the wrong alias you fine,fellow

Don’t want people thinking you’re a sock puppet account that’s only here for the banter,do we?

Don’t worry - I don’t think anyone noticed

Looking forward to more top class important information as the day rolls on - have a good one Filthy Len/Keith

Keep paying those subs. You clearly need support.

[rambo1]

even though it will take years to even break even on how much we lost due to striking.

So many people view the strikes as 'lost money'....

You didn't work those days. It's not like you worked and didn't get paid. You had a day off - yeah you might have gone down the picket line for a bit, but for most of the day you had time off from this strenuous job.

All you have to do is work some of your annual leave and you will get that 'lost' money back.

Great point that. I just viewed them as unpaid leave.

[rambo1]

Lets hope the union endorse the 6 percent rise and lower lump sum to many short sighted posties not letting there brains kick in

What's the difference in £ terms?

and it depends on your situation which one you choose anyway....

Some people may have debts to pay, something to buy, want to invest, may be leaving the company within a year....so they'd be more likely to choose the larger lump sum which makes total sense.

Those who are committed to the company and the above does not apply to - may choose the lower lump sum.

I will look at it later, someone's saying the difference is £500 between the 2.... if so, then I may choose the smaller lump sum....

That’s correct the difference is £500ish if the back pay was calculated properly it’s a lot more. People fall for the lump sum crap every time

Example of £25,000 at April 23.
2% is £500 . So April 24 would be £25,500
6% of £25,500 is £1,530 so would be £27,030 at end of deal plus get £1500 now.

Example of £25,000 at April 23
6% is £1,500 so April 24 would be £26,500
2% of £26,500 is £530 so would be £27,030
at end of deal plus get £500 now.

Same end salary of £27,030 .
Only the lump sum is £1000 better to take the larger lump sum option.
Know which I'd sooner have.

[thefox]

As someone else said we had best xmas break for a long long time didn't fuss me 1 bit it was unpaid.

[rambo1]

Plus, if you're sticking it in savings that £1000 extra will get you £90 extra in interest over 2 yrs.

[derricksmyth]

Would prefer the 6% consolated up front, now. Also it would be going in to boost your pension.

[guardianangel]

Here we go its UNISON time.

You’ll probably find unison (when you phone them to join) will direct you to the union you’re already in! Unison are a union for care workers, nurses teaching assistants, and general nhs workers not whining postal workers that’s never going to be happy with any deal that’s in front of them!

You just didn't get the sarcasm ,it meant sell out like unison,jeez some people lol

So its a sell out if union agree a deal fs remember its the members who decide whether to accept deal.

Yes if its anything like Ricky's deal last week ,that's not a deal its a sellout and a million miles from what we balloted on ,in fact its capitulation ,a slap in the face,let down and an utter disgrace to even put that to members .

[awalkinthepark]

Lets hope the union endorse the 6 percent rise and lower lump sum to many short sighted posties not letting there brains kick in

What's the difference in £ terms?

and it depends on your situation which one you choose anyway....

Some people may have debts to pay, something to buy, want to invest, may be leaving the company within a year....so they'd be more likely to choose the larger lump sum which makes total sense.

Those who are committed to the company and the above does not apply to - may choose the lower lump sum.

I will look at it later, someone's saying the difference is £500 between the 2.... if so, then I may choose the smaller lump sum....

That’s correct the difference is £500ish if the back pay was calculated properly it’s a lot more. People fall for the lump sum crap every time

Example of £25,000 at April 23.
2% is £500 . So April 24 would be £25,500
6% of £25,500 is £1,530 so would be £27,030 at end of deal plus get £1500 now.

Example of £25,000 at April 23
6% is £1,500 so April 24 would be £26,500
2% of £26,500 is £530 so would be £27,030
at end of deal plus get £500 now.

Same end salary of £27,030 .
Only the lump sum is £1000 better to take the larger lump sum option.
Know which I'd sooner have.

But you are not taking into account that in the 2nd example you earn £1000 more through your salary. Both deals have the same monetary value.

[seaside]

So on £25 000, would that be option A. 6% now, be £19.58 a week take home and lump sum £340. Option B. 2% . Take home £6.52 a week and take home lump sum of £1020.

[seaside]

So on £25 000, would that be option A. 6% now, be £19.58 a week take home and lump sum £340. Option B. 2% . Take home £6.52 a week and take home lump sum of £1020.

[seaside]

Not sure any of the options are going to be worth all the changes that could be coming.

[rambo1]

So on £25 000, would that be option A. 6% now, be £19.58 a week take home and lump sum £340. Option B. 2% . Take home £6.52 a week and take home lump sum of £1020.

Being as everything over £12570 is taxed it's irrelevant really all the increases will be taxed at 20% beit salary or lump sum.