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Postal workers` basic pay would increase by nearly 6 percent over the life of a four-year contract under a settlement outlined Wednesday by a special arbitration panel. The five-member arbitration board was established last fall after the Postal Service and unions representing 560,000 workers failed to negotiate a new contract. The ruling provided small annual base-pay increases in each of the four years covered by the pact, starting with a 1.2 percent increase on June 15. Wages for letter carriers and postal clerks, who now make between $24,000 and $31,500 a year, would then go up 1.5 percent a year in each of the next two years, followed by a 1.6 percent increase in 1993.
