Postal Workers Cost Of Living Adjustment (COLA) May Be ZERO Again?
APWU
In March, the Consumer Price Index (CPI-W) rose to 617.239, still well below the July 2008 index of 644.303 (upon which our last COLA increase was based). The CPI-W must rise above 644.303 before another COLA is due. After the second month of the six-month measuring period, and assuming the adjustment were based on the March index, the sixth COLA under the 2006 National Agreement and the Operating Services Agreement would be zero. However, the next COLA will be based on the July 2009 index point and will be effective Aug. 29, 2009 (pay period 19-09, pay date Sept. 18, 2009)
The fifth COLA, which would have been effective March 14, 2009, was zero.
There was no projected accumulation toward the fifth regular cost-of-living adjustment (COLA) for letter carriers under the 2006-2011 National Agreement in April following the release of the March Consumer Price Index (CPI).
The next COLA will reflect the increase in the CPI between January and July 2009.
Comments
No Comments on Postal Workers Cost Of Living Adjustment (COLA) May Be ZERO Again?
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Manager on
Sun, 3rd May 2009 12:38 am
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Management Idiot on
Sun, 3rd May 2009 10:11 am
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qithasn on
Sun, 3rd May 2009 4:02 pm
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WillRetireVerySoon on
Thu, 7th May 2009 4:45 am
Yes! Exactly what craft deserves. NOTHING!!
Of course the craft employees deserve nothing, just give it all to the people who do nothing for their 90k a year salary. If management works a 40 hour week we are all surprised
I’m confused which is true. That it must climb above 644.303. Or is based on the months January through July of this year???? Because it clearly will RISE between the months of January and July. It seems to me that the benchmark should have been reset from the LAST cola (or none cola) and NOT the july 2008 index?
well what does anybody expect? We got the largest COLA last year when gas was $4.60/gallon..now gas is $2/gallon so what’s the big bitch? Thank goodness they can’t take the other COLA away. Enjoy that extra money we got and don’t have to put out at the gas pumps..it’ll be a while before we get another COLA that’s for sure (gas will have to get to $5/gallon first).