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Pay & Lump Sum Timetable

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
vmaxv4
Posts: 260
Joined: 09 Oct 2012, 10:49
Gender: Male

Pay & Lump Sum Timetable

Post by vmaxv4 »

BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT – PAYMENT DATES
 
Dear Colleagues
 
Following discussions with Royal Mail Group, we are now able to confirm the relevant dates for pay increases and lump sums linked to the endorsement of the Business Recovery, Transformation and Growth Agreement.
 
PAY
 
The 6% increase will be paid on Friday 4 August, including arrears backdated to 3 April 2023. Monthly paid colleagues (excluding Fleet and PFSL) will receive their increase and arrears in July salaries (pay date Monday 31 July)
The pay increase applies to base pay, overtime, scheduled attendance, basic pay supplements, functional supplements, skills, and unsocial hours allowances (except RRIS legacy and reserved rights payments), London weighting and Scottish Distant Islands Allowance. 

£500 LUMP SUM
 
The one-off £500 lump sum will be paid to members in Royal Mail, PFW and support functions (excluding PFSL and Fleet) on Friday 29 September.
 
£900 LUMP SUM (minimum)
 
In addition, the one-off lump sum payment of at least £900 will be paid on Friday 29 September.
 
The exact amount will depend on the precise number of employees at the time of the payment but will be at least £900 per employee. This payment will also be received by Fleet and PFSL members.
 
This means a total lump sum payment of at least £1,400 will be paid on Friday 29 September (pro-rated for part-time employees)
 
IMPORTANT INFORMATION
 
All the payments set out above will only be paid to employees in post on the 4th August 2023.
 
Fleet members will not receive the pay rise and £500 lump sum at this point. These payments will be subject to the ongoing negotiations with the employer.
 
SUMMARY

The ambition of the CWU was to ensure the payments were made to members as quickly as possible. We have achieved this aim with regards to the pay rise and arrears – this is one of the quickest turnarounds we have seen following the endorsement of a national agreement.

We would have wanted to have seen the lump sum payments paid earlier but we are sure members will welcome the certainty of an exact date for payment.

Yours sincerely,

Dave Ward General Secretary

Andy Furey Acting Deputy General Secretary (Postal)
Zareena Says
Image

Dates for when you will receive your pay rise and lump sum payments

MESSAGE FROM ZAREENA BROWN, CHIEF PEOPLE OFFICER

We are pleased that CWU members who took part in the ballot voted in favour of the Business Recovery, Transformation and Growth Agreement.

With the formal ratification of the agreement, we can now move forward with the agreement, which includes the implementation of the consolidated pay rise backdated to April 2023 and the one-off £500 lump sum for colleagues in CWU-represented grades.

As a reminder, we increased our pay offer and extended it until April 2025:

10% three-year pay deal, plus a one-off lump sum of £500 (broadly equivalent to 2%, pro-rated for part-time employees) broken down as follows:
o 2% pay rise from April 2022 (already paid)
o 6% from April 2023 plus a lump sum of £500 (broadly 2%)
o 2% pay rise from April 2024.

When will I receive my pay rise?
Applying change for over 100,000 people in our systems is not a straightforward task and we have prioritised adjusting our complex and inflexible pay platform to ensure everyone receives pay increases and arrears as soon as possible.

The 6% increase will be applied to weekly paid colleagues in CWU-represented grades (excluding Fleet) on Friday 4 August, including arrears backdated to 3 April 2023*. Monthly paid colleagues in CWU-represented grades (excluding Fleet and PFSL) will receive their increase and arrears in July salaries (pay date Monday 31 July).

Due to CWU members in Fleet being balloted on a separate proposal which has not been accepted, no pay rise will be paid to Fleet employees at this time. The Fleet department management team are considering next steps and will provide an update soon.

*The pay increase applies to base pay, overtime, scheduled attendance, basic pay supplements, functional supplements, skills, and unsocial hours allowances (except RRIS legacy and reserved rights payments), London weighting and Scottish Distant Islands Allowance.

When will I receive the £500 lump sum?
We are focusing on delivering the 6% pay rise and backdated amount first and we hope to do this in two weeks rather than broadly six weeks it has historically taken. We will then turn our efforts to delivering the lump sum payments.

The one-off £500 lump sum (pro rata for part-time colleagues) will be paid to both weekly and monthly paid colleagues in CWU-represented grades in Royal Mail, PFW and support functions (excluding PFSL and Fleet) on Friday 29 September.

To receive the pay rises and lump sum, colleagues will need to be employed by Royal Mail on 4 August 2023. We will review the planned pay dates as we go through the process, and we will endeavour to pull the lump sum payment forward if practical.

Additional one-off lump sum payment for all employees expected to be at least £900 per employee (pro-rated for part-time employees) also to be paid in September

In addition, the one-off lump sum payment of at least £900 will be paid to all colleagues (not just CWU represented grades) on Friday 29 September as previously communicated. This includes Fleet, PFSL and managers.

The exact amount will depend on the precise number of employees at the time of the payment, but it is expected to be at least £900 per employee (pro-rated for part-time employees and eligibility criteria apply). To receive this lump sum, colleagues will need to be employed by Royal Mail on 4 August 2023 click here to read frequently asked questions and find out who is eligible for this payment.

For CWU grade colleagues, this means a total lump sum payment of at least £1,400 will be paid on Friday 29 September (pro-rated for part-time employees).

Some colleagues may wish to use lump sums to pay AVC (Additional Voluntary Contributions) into their pension. The approach and timescales will be added to existing set of FAQs above in the coming days.

If you have any questions relating to these payments, click here https://www.myroyalmail.com/sites/defau ... 140723.pdf or alternatively submit your enquiry via the ‘Ask a Question’ tile on the People App.
We are pleased that we can now put a difficult year behind us and give the pay rise our people deserve. We now need to come together to make the changes we need as a business and get back to being our best - improving our quality of service and serving our customers.
hans solo
Posts: 3238
Joined: 06 Feb 2011, 18:08
Gender: Male

Re: Pay & Lump Sum Timetable

Post by hans solo »

Can the 75 % please note fleet and pfsl are getting the 900 lump sum while rejecting their deal
Couldn’t make it up 😂😂
Postmanham
Posts: 60
Joined: 29 Oct 2022, 21:13
Gender: Male

Re: Pay & Lump Sum Timetable

Post by Postmanham »

Wonder if we'll ever see those lump sums. Why cant they pay the five hundred now.
dakka86
Posts: 52
Joined: 05 Apr 2011, 16:24
Gender: Male

Re: Pay & Lump Sum Timetable

Post by dakka86 »

It said in the agreement it would be payed in the next available payroll. Breaking the agreement already
plymouth3
EX ROYAL MAIL
Posts: 119
Joined: 06 Jul 2010, 18:45
Gender: Male

Re: Pay & Lump Sum Timetable

Post by plymouth3 »

Need to borrow money to pay us?
Timetomoveon
Posts: 82
Joined: 12 Apr 2023, 18:14
Gender: Male

Re: Pay & Lump Sum Timetable

Post by Timetomoveon »

We would have wanted to have seen the lump sum payments paid earlier but we are sure members will welcome the certainty of an exact date for payment.

We asked RM to pay lump sum straight away but they took no notice of us.
That’s what you should of said.
Jack1960
EX ROYAL MAIL
Posts: 333
Joined: 05 Jan 2016, 17:39
Gender: Male

Re: Pay & Lump Sum Timetable

Post by Jack1960 »

Postmanham wrote:
14 Jul 2023, 16:43
Wonder if we'll ever see those lump sums. Why cant they pay the five hundred now.
Probably seen how many people leaving in next few
weeks and saved a few bob.
robking
Posts: 236
Joined: 19 Dec 2020, 12:14
Gender: Male

Re: Pay & Lump Sum Timetable

Post by robking »

They just LOVE to cling on to OUR cash for as long as possible.
antcpfc
Posts: 626
Joined: 18 Sep 2007, 17:25

Re: Pay & Lump Sum Timetable

Post by antcpfc »

So if you are in post on the 4th august but leave before the 29thsep. you get the lump sum?
Slider tool. Lol.
thefox
Posts: 1112
Joined: 24 Aug 2010, 20:09
Gender: Male

Re: Pay & Lump Sum Timetable

Post by thefox »

🤣🤣🤣🤣
Clappedoutpostie
Posts: 1232
Joined: 05 Nov 2021, 21:46
Gender: Male

Re: Pay & Lump Sum Timetable

Post by Clappedoutpostie »

It’s a break on the agreement we voted on, clearly said the £500 would be in the next pay run after a yes vote. Working for a company losing a million pounds a day I want that money in my account asap not in 11 weeks time.
thefox
Posts: 1112
Joined: 24 Aug 2010, 20:09
Gender: Male

Re: Pay & Lump Sum Timetable

Post by thefox »

This is gonna be a good thread might get some popcorn for this🍿😲
thefox
Posts: 1112
Joined: 24 Aug 2010, 20:09
Gender: Male

Re: Pay & Lump Sum Timetable

Post by thefox »

Timetomoveon wrote:
14 Jul 2023, 16:55
We would have wanted to have seen the lump sum payments paid earlier but we are sure members will welcome the certainty of an exact date for payment.

We asked RM to pay lump sum straight away but they took no notice of us.
That’s what you should of said.
Yip thats about it ignoring the cwu already.
robking
Posts: 236
Joined: 19 Dec 2020, 12:14
Gender: Male

Re: Pay & Lump Sum Timetable

Post by robking »

Clappedoutpostie wrote:
14 Jul 2023, 17:01
It’s a break on the agreement we voted on, clearly said the £500 would be in the next pay run after a yes vote. Working for a company losing a million pounds a day I want that money in my account asap not in 11 weeks time.
As a group last years loss was £873million after tax so over £2million a day, with losses in the Royal Mail division over £1Billion. But they threw the whole kitchen sink into those figures and although IDS is still losing money, I recon losses are a lot lower now.
1st quarter results are out next Thursday.
glynnlondon
Posts: 36
Joined: 30 Apr 2013, 14:18
Gender: Male

Re: Pay & Lump Sum Timetable

Post by glynnlondon »

2 and a half months 😂