GSP 30-24 An Post Pay Agreements
05/December/2024
Description
I wish to advise you of the arrangements being made by An Post to apply the following agreed increases in pay.
Pay Agreement 2024- 2025
This next phase pay increase is a 3% increase which is effective from 1 January 2025. Subject to Board approval, the company has confirmed it expects to apply the pay increase to payroll in February 2025.
Pension
The increases provided under the agreement will be pensionable for employees in employment at the date they are applied. Any pensionable pay increases are capped at 2%, CPI or wage inflation, whichever is the lower.
The applicable increases, also secured by the Union for retired members, requires approval for payment from the relevant Ministers. The Company has confirmed it will seek authorisation in early 2025.
Postal Operative- Consolidation of 3% Change allowance
The consolidation of the 3% change allowance, effective from the 1st January 2025 payable to postal operatives not in receipt of it, in final mile under the transformation agreement will be applied first, in advance of payment of the cost of living pay award.
Market Movement
Separately the company has advised it expects to have the market movement figure for managers on performance pay in February 2025. The outcome and payment of performance related pay ordinarily takes place in May/June, although the company is examining the possibility of doing this earlier in 2025. Separately the Union and Company will meet next week to commence the review of the PMD process as agreed earlier this year. The Managers Branch Secretaries have been requested to forward any issues for inclusion, together with any supporting documentation.
Please bring the contents of this circular to the attention of all members.