Letter carriers will receive their first cost-of-living adjustment (COLA) in three years in September. The COLA will amount to 47 cents per hour ($978 annually).
Contract COLAs, which have been provided by our collective-bargaining agreements since 1971, are based on changes in the Consumer Price Index (CPI) every six months. However, due to the recent recession—the worst since the Great Depression of the 1930s—the CPI has remained mostly flat, and as a result, no COLAs were paid over the past five adjustment periods. Thursday’s COLA, the fourth and final one under our 2006-2011 contract, covered about 60 percent of the price inflation observed between July 2008 and July 2011.
The 47 cents per hour amounts to $37.60 per pay period, and it takes effect in Pay Period 20, which begins Sept. 10 (pay date Sept. 30).
This contract will be nothing like the clerks’ contract. They got hung by the republicans in Congress for signing such a labor friendly agreement. Prepare for arbitration, ladies.
Dear Marie & Vicki, WAKE UP AND SMELL THE COFFEE!! Your contract will MIRROR APWU!! iF YOU THINK YOU HAVE A RAISE COMING , YOU HAVEN’T A CLUE! WE ARE LOSING 8 BILLION A YEAR!!AND YOUR CONGRESS DOESN’T CARE ENOUGH TO FIX THE OVERPAYMENTS
Yep, don’t want to end up like the clerks… on a wage freeze till 2013 – what a ridiculous contract they got!!
between the bad union representation and that president o-bummer, pockets are emptied.
everything costs more, members’ dues go up.
everything costs more for the working people, ‘cept them illegals still get freebies!!
absurd!!
rid of demon-crats & that o-bummer, to think that guy can run a country through affirmative action!
Thank you to our union. I wish you guys the best in fighting for our next contract. It won’t be easy, but I’m praying we don’t end up like the clerks.