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2007 AT&T Performance Award (APA) for Represented Occupational Employees |
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Monday, 28 January 2008 |
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The 2007 APA for Represented Occupational Employees will reflect a payout of 117% based on year-end financial performance. Based on these results, the full-year equivalent award for eligible employees will be $878. This is a Union bargained for benefit, ask the non-members' you know if they are going to accept this payment along with all the other Union benefits they receive.
The APA payment for eligible employees, shall be payable on February 29, 2008. Such payment will be subject to federal, state and local tax and FICA withholding. Where appropriate, award payments shall be used in calculating an employee’s wage rate for determining the amount of union dues deduction. In addition, Savings Plan (LTSSP) contributions shall be deducted from the award payment.
Additional information will be provided in the “2007 AT&T Performance Award (APA) Bulletin” available to employees via company intranet: http://wfs.web.att.com/WFS/content/0,1452,IE5-3466,00.html This is a Union bargained for benefit, ask the non-members' you know if they are going to accept this payment along with all the other Union benefits they receive or is this just another free ride for them.
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