Dear COBA Members/Retirees;
Be advised that Longevity retro checks have begun posting to some member's checking accounts today. It shows as a pending credit dated 6/21.
Reminder, the retro payment is 50% of the full retro owed for 2018, 2019, 2020 and 2021. A separate check will be issued for the difference in the 2022 payment under the agreement where the new chart went into effect as of January 1st, 2022.
We dont have a confirmed date for the 2022 payment yet as the Comptroller's Office is still processing retro for the other Unions and processing this year's catchup.
We will notify everyone once we have a date certain for that payment.
Brian Sullivan,
COBA President