Settlement on Severance Pay and Early Retirement

This is a pre-arbitration settlement over whether employees are entitled to severance pay when they elect early retirement in accordance with Article 6, Section B. 4 of the National Agreement. The settlement sustains the APWU’s position and provides that, in the event employees elect to terminate their employment before implementation of reassignment under Article 6 or, if necessary, layoff and reduction in force of excess employees within an installation, they are entitled to severance pay in addition to early retirement benefits, if eligible, in accordance with Section 8336(d)(2) of Title 5, U.S. Code.