Post date: Jun 11, 2021 6:26:57 PM
The EAGLES Board and negotiating team would like to let our membership know that one of the bargaining groups argued for a higher payment in the lump sum for both years. We will also receive that amount after we sign the agreement. One of the other groups argued for the hours vs. lump sum so the Parity Language will be modified slightly to account for the difference in the approach. Our membership was in agreement on receiving the lump some so the higher offer is in line with our parity agreement and we are inclined to proceed.
If you have a deferred comp account already set up it will be possible to put the lump sum into your deferred comp account but a form will need to be filled out by June 27th with HR. The easier approach would to just increase your contribution amount for the next two years.