2009 Cola????

Discussion in 'UPS Discussions' started by dragracer66, Jun 28, 2009.

  1. dragracer66

    dragracer66 Active Member

    Has anybody on here heard anything about a cola this year? I keep getting different numbers. I hear .15 all the way down to .10 cents. I was going to try to figure it out myself but when I saw how it was calculated I remembered why I'm a mechanic and not a CFO for parcel.
  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Fortunate if the COLA even kicks in this year.
    Negative inflation over the last year the last time I saw.
  3. Stran

    Stran Holy Toledo

    Hoax is correct. The index has been down due to deflation this year. Good thing they don't subtract from our pay!!
  4. brett636

    brett636 Well-Known Member

    If last year were not a contract year we would have received some kind of COLA raise, but this year COLA is not going to kick in for us because of the reversal in consumer prices over the last year.
  5. Sleeve_meet_Heart

    Sleeve_meet_Heart making the unreadable unreadabler

    Have yet to look at the monthlies regarding the CPI index and their derived values. They come out in June so the number is probably out. It would at least initially appear as though the index has not dropped too substantially nor gained as of this May in comparison to the rest of 2009 (Jan-Apr)

    Of course the COLA raise, if any, is calculated by subtracting the index values for the current May by the previous Mays monthly value, plus 3%.

    The difference of .2 points in the prior years base earns 1 cent. The raise is only payable if it exceeds 5 cents.

    The idea is that we need a sharp drop in the index ( which we have seen since May 2008 through 2009, at least according to the index values that I saw several months ago) followed by a rebound for next spring.

    We shall see!
  6. MechanicForBrown

    MechanicForBrown Prblm found,part on order

    Just voted on our (IAM) contract yesterday in local 447, discussed contract front to back, looks like no cola this year due to economy! But a fat $0.75 raise!!!! YAY
    Last edited: Jun 29, 2009
  7. dragracer66

    dragracer66 Active Member

    Yea... We vote on ours in a couple of weeks. From what I have seen it looks pretty good. I'm glad were not getting the split raise. That was a big deal down here....
  8. MechanicForBrown

    MechanicForBrown Prblm found,part on order

    it is a good contract considering the times we are in right now. I'm very happy! just hope the rest of the people in the country vote it in. If you want to know anything about it, PM me and I'll give ya the major changes. Got plenty of copies here at home.
  9. Sleeve_meet_Heart

    Sleeve_meet_Heart making the unreadable unreadabler

    .75 cent raise is .75 more than you had so the raise seems pretty good. Better than our split raises :peaceful:
  10. bubsdad

    bubsdad "Hang in there!"

    At this particular point in time, complaining about ANY raise seems somewhat ludicrous. Ask Hoke or Tie how much of a raise they're getting.
  11. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    This is why Hoke spends his weekend signing autographs at WWE events.
  12. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    I get a raise every time you or Upstate posts something. :sick:
  13. MechanicForBrown

    MechanicForBrown Prblm found,part on order

    I think you guys miss under stood, I am not complaining about .75. I am very happy about it! I was just saying " no cola, BUT a nice $0.75 raise!"
    I'm saying not having a cola is fine with a .75 cent raise. I am a humble man and would never complain about a raise no matter how big or small, not when I have family members that are on the unemployment train.:peaceful:
  14. Sleeve_meet_Heart

    Sleeve_meet_Heart making the unreadable unreadabler

    No I didnt misunderstand. If this is complaining then I dont know what to call what the ladies in the small sort do...:peaceful:
  15. bubsdad

    bubsdad "Hang in there!"

    This is what I was commenting on.
  16. MechanicForBrown

    MechanicForBrown Prblm found,part on order

  17. Pip

    Pip New Member

    I'll second that!
  18. ups79

    ups79 Active Member

    I doubt if any cola will be handed out for the next two years at the least. Social Security recipients are frozen at current benefits for a least the next two years.
  19. Creeper head

    Creeper head New Member

    Need to see what we are voting on ...............
  20. Channahon

    Channahon New Member

    That in itself says the economy is in the toilet for the next 2 years. And when the economy recovers, it may never be the way we knew it, before this economical nightmare. What a mess!!