Editing Section 1.1 2020 (section)

=== President’s Salary/Benefit Package: ===
'''Salary''' 
The base salary of a full-time President will be figured on that individual’s hourly postal rate with a 40-hour work week. In addition, the President will receive an additional 25% of his/her base salary. The President will receive all contractual and COLA raises and any bonuses which are received by Mail Handlers. If it is a percentage raise, that raise will be at the current Mail Handler rate of pay for the President. All contractual and COLA increases gained by the Office of President will become part of the President’s base salary.

'''Benefits''' 
Local 315, as the President’s employer, will make payment directly to the Disbursing Officer for the employer portion of health and life insurance and Postal retirement contributions not to exceed the benefits that the President had in the year prior to taking office. Local 315 will match the President’s contribution to TSP up to a maximum of 5%. Local 315 will automatically contribute 1% to TSP if the President elects to not make voluntary contributions.
Local 315, as employer, will pay into the LIUNA Pension Fund as required by the LIUNA Local Union and District Council Pension Fund Agreement.

'''Sick Leave''' 
The President will accrue sick leave at the rate as if he/she was still employed by the Post Office. The President can accumulate a maximum of 320 hours. At the end of each year all unused sick leave in excess of 320 hours will be bought out by the Local at the President’s Postal Base Salary.

'''Annual Leave''' 
The President will accrue annual leave at the rate he/she was as if still employed by the Post Office. The President can accumulate a maximum of 320 hours. At the end of each year all unused annual leave in excess of 320 hours will be bought out by the Local at the President’s Postal Base Salary.