"The agreement, retroactive to November 21, 2006, provides general wage increases of 8.85 percent over five years along with regular cost-of-living adjustments (COLAs) and a single lump-sum COLA payment of $686 for the period between July 2006 and May 2007. The proposed contract includes new limits on contracting out of city letter carrier work in more than 3,000 city delivery installations and establishes a six-month moratorium on contracting out city carrier delivery services elsewhere across the country." Press release
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