Postal Workers Cost Of Living Adjustment Is ZERO..Again!
Last time Postal Workers received a COLA was September 19, 2008
In January, the Consumer Price Index (CPI-W) rose to 633.176, well below the July 2008 index of 644.303 (upon which the last COLA increase was based). The CPI-W must rise above 644.303 before another COLA is due. After the final month of the six-month measuring period, the seventh COLA under the 2006 National Agreement and the Operating Services Agreement which would have been effective March 13, 2010 (pay period 07-10, pay date April 2, 2010), will be zero
source: APWU
Postal Workers Cost Of Living Adjustment Is ZERO..Again!
APWU COLA Information:
In July, the Consumer Price Index (CPI-W) fell to 627.093, 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 final month of the six-month measuring period, the sixth COLA under the 2006 National Agreement and the Operating Services Agreement, which would have been effective Aug. 29, 2009 (pay period 19-09, pay date Sept. 18, 2009), will be zero.
The fifth COLA, which would have been effective March 14, 2009, was also zero, due to the fact that the January 2009 CPI-W had fallen below the July 2008 CPI-W (upon which our last COLA increase was based).
Editor: The next non-COLA salary increase: November 2009
Federal Retirees Won’t Get COLAs Next Year
Federal retirees who have grown accustomed to cost-of-living adjustments each and every January are in for a rude awakening when they get their first benefit payment in 2010. So what’s likely to happen?
Nothing. That is, no increase at all. A no-cal COLA!
Monthly payments to the millions under Social Security, federal civil service or military retirement plans will be the same next year as they are right now. However, to add insult to injury, the actual after-deductions benefit for many federal civil service retirees and their survivors will drop. That’s because health insurance premiums for federal and postal retirees (along with those for workers still on the job) will be going up next year.
full story: Mike Causey via Washington Times
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.
No Fourth Cost-Of-Living-Adjustment For Postal Workers
From NALC:
Fourth Contract COLA: -0-
There will be no fourth cost-of-living adjustment (COLA) for letter carriers this period, under the terms of the 2006-2011 National Agreement. That’s because there was no increase in the Consumer Price Index (CPI) between July 2008 and January 2009, based on figures released by the Bureau of Labor Statistics (BLS) February 20,
The next COLA—the fifth under the contract—will be based on any increase in CPI from January to July 2009. The last COLA was $1,497 in September 2008.
There are eight COLAs included in the 2006-2011 agreement.
From APWU:
In January, the Consumer Price Index (CPI-W) rose to 612.719, still well below the July 2008 index of 644.303 (upon which our last COLA was based). After the final month of the six-month measuring period, the fifth COLA under the 2006 National Agreement and the Operating Services Agreement will be zero.
Postal Employees FYI: Next Contract Cost of Living Adjustment May Be ZERO?
From NALC.org: Contract COLA =0%
There was no projected accumulation toward the fourth regular cost-of-living adjustment (COLA) for letter carriers under the 2006-2011 National Agreement following the January 15 release of the December Consumer Price Index (CPI). The next COLA will reflect the increase in the CPI, if any, between July 2008 and January 2009, and will be payable the second full pay period following the release of the January 2009 index.
There are eight COLAs included in the 2006-2011 contract.
From APWU.org: Cost of Living Adjustment (COLA) Update
For Employees Covered by the National Agreement and the Operating Services Agreement:
In December, the Consumer Price Index (CPI-W) fell to 610.075. After the fifth month of the six-month measuring period, and assuming the next COLA were based on the December index, the fifth COLA under the 2006 National Agreement and the Operating Services Agreement would be zero. However, the next COLA will be based on the January 2009 index point and will be effective March 14, 2009.
The fourth COLA ($1,477) was effective Aug. 30, 2008 (pay period 19-2008, pay date Sept. 19, 2008).
APWU: COLA Increase Will Be Highest in History
APWU News
Thanks to a cost-of-living adjustment that will be the highest in APWU-bargaining history, postal workers represented by the union will be receiving an annual raise of $1,477 at the end of the month.
The increase is the result of the Consumer Price Index rise during July, the last month of the most recent six-month Cost-of-Living measuring period under the 2006 National Agreement.
“This is not only the largest COLA increase under the current contract,” said APWU President William Burrus, “but the largest such raise we’ve ever achieved.”
The Cost-Of-Living Adjustment will be effective Aug. 30, and will be reflected in Sept. 19 paychecks (Pay Period 19-08). The adjustment will amount to a 71-cent per hour increase, or $56.80 per pay period. The July index represents the completion of the fourth (of eight) six-month COLA measuring periods in the 2006-2010 Collective Bargaining Agreement.
“Cost-of-living adjustments continue to make important contributions to our members’ wages,” Burrus said. “APWU members who began 2008 at Level 5 Step O will realize an increase of nearly $3,200 per year as a result of the February upgrade and the March and August COLAs.”
There will be four more COLA adjustments under the 2006 National Agreement. After receiving no increase during the first measuring period in 2007, employees received a $686 raise last Sept. 1 and a $479 raise on March 15. With the latest adjustment, the COLA increases in the current contract will total $2,642.
Postal COLA Update: Letter Carriers To Get $1,498, APWU $1,477
The next regular cost-of-living adjustment (COLA) under the (NALC)2006-2011 National Agreement will be $1,498 annually, based on the Consumer Price Index for July. The COLA, effective the pay period beginning August 30 (pay date September 19), is the third of eight COLAs included in the 2006-2011 contract.
The new COLA is equivalent to 72 cents per hour, or $57.60 per pay period.
source: NALC
APWU
For Employees Covered by the National Agreement and the Operating Services Agreement:
In July, the Consumer Price Index (CPI-W) rose to 644.303. After the last month of the six-month measuring period, the fourth COLA under the 2006 National Agreement will be $1,477 per year, which works out to $56.80 per pay period or 71 cents per hour. The COLA will be effective Aug. 30, 2008 (pay period 19-2008, pay date Sept. 19, 2008).
APWU: Latest COLA Will Yield $686 Annual Increase
APWU News
Even with the Consumer Price Index falling slightly in July, the latest Cost-Of-Living Adjustment under the National Agreement will give APWU-craft employees an annual raise of $686.
July was the last month of the second six-month COLA measuring period in the 2006-2010 Collective Bargaining Agreement. The COLA will be effective Sept. 1, and will be reflected in Sept. 21 paychecks (Pay Period 19-07). The adjustment will amount to a 33 cents per hour increase, or $26.40 per pay period.
This will be the third largest COLA increase since 2000. APWU-represented employees received an $812 cost-of-living raise last September, and a $728 COLA in September 2005.