Thursday, August 20, 2009

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

Source: Postal Reporter.com

No comments:

Post a Comment