Another in the continuing set of Lump Sum and Recoupments to implement 
agreements with the unions.  In this instance SR83561 asks that a lump sum 
payment be issued in lieu of retro to career CUE CX covered members for the 
period of July 2011 through January 2012 calculated as 3% of the employee’s 
actual earnings for the period.  

In addition, SR83561 asks for a recalculation of the delayed 1.5% UCRP 
contributions for the period of July 2011 through January 2012 based on the 
employee’s eligible earnings and calculated as the difference between the UCRP 
contributions at 3.5% and the UCRP contributions at 2.0% for each covered 
member of CUE CX.  Only career employees in the CUE bargaining unit who are 
on the payroll at the time of ratification and who remain on the payroll when 
the payment is issued will be eligible for the lump sum payment and subject to 
the recoupment.  Only employees who receive a lump sum will be subject to 
the recoupment.  

As always with this sort of action we will run the recoupment transactions into 
an EDB update when you approve them, and the Lump Sum transactions will be 
processed in the appropriate compute.

Please note that this needed to execute before the first MO of the month 
(3/21/2012) so timely approval will be appreciated.