May 2012 Update
Last week saw the announcement of cash incentives for an optional retirement pursuant to a Voluntary Early Retirement Authority (VERA) as well as the end of the mediation process. Vice President Kathy Schultz and I participated in a national teleconference concerning these matters immediately preceding the announcement.
The information concerning the VERA has been thoroughly disseminated on the work floor and is also available at www.liteblue.usps.gov. The decision to take the incentive, whether through retirement or resignation, is a personal decision that should be considered very carefully. The Local Union and its Representative do not provide retirement advice.
Turning to the mediation over the terms of the 2011 National Agreement, that process has failed to produce an agreement. The impasse now proceeds to a ﬁnal and binding interest arbitration. In interest arbitration the dispute goes before a three member panel. The panel consists of a neutral arbitrator serving as chairperson and two arbitrators representing each party. The neutral arbitrator may be selected by agreement of the parties, or from a list provided by the Federal Mediation and Conciliation Service. Keep an eye on the web and your bulletin boards for further information.