GSP 03-18 2% Pay Retrospection
21/March/2018
Description
You will be aware An Post had previously indicated to the Union that the retrospective payments arising from the recent 2% pay award would be made on 23rd March 2018. The Company has now advised that this date is not achievable which is mainly due to the length of the retrospective period, plus the fact that on this occasion they must calculate both pensionable and non-pensionable elements of the payment. For your information the pensionable increase from the Phase 2 pay increase is 0.8%.
The Company has today confirmed payment of the arrears (1st August 2017- 23rd February 2018) will be made on the 6th April 2018.
I would appreciate that you would advise all members of the above