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 agreement92097%NO VOTES against the agreement253%TURNOUT62%
*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.