PRNote: With one month to go,$1019 may be the second largest COLA in bargaining history
Ninth contract Cost Of Living Adjustment (COLA): $1,019 annually.
The projected accumulation toward the ninth and final contract COLA under the 2006-2011 National Agreement stands at $1,019 annually following the June release of the Consumer Price Index (CPI) for May.
This final COLA of the National Agreement will be based on the July 2011 CPI.
2012 Retiree COLA: 3.4%
The projected accumulation for the 2012 retiree COLA was 3.4 percent following the release of the May CPI.
Because there was no retiree COLA for 2010 or 2011, the 2012 retiree COLA will be determined by comparing the average CPI during the third quarter of 2011 and the average during the third quarter of 2008.
Click here for further details about the retiree COLA.
2012 FECA COLA: 3.5%
Federal Employees Compensation Act (FECA) COLAs are applicable only in cases where death or disability occurred more than one year prior to the adjustment’s effective date.
The projected accumulation for the 2012 COLA under FECA was 3.5 percent following the release of the May CPI. The 2012 FECA COLA will be based on the increase in the CPI between December 2010 and December 2011.