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Brown Cafe UPS Forum
UPS Union Issues
COLA this year?
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<blockquote data-quote="bscott85" data-source="post: 754050" data-attributes="member: 20590"><p>ok so I still don't understand at all how this is figured I know we didn't get one last year because the index went down, however it went up this year</p><p></p><p>May 2009 figure = 208.774</p><p>May 2010 figure = 214.124</p><p></p><p>"For every 0.2 point increase in the Index, over and above the base (prior year's) Index plus 3.0% there will be a 1 cent increase."</p><p></p><p>So does this mean that the increase has to raise ABOVE 3% before the raises even start to figure in? That pretty much means we get nothing.</p><p></p><p>The index didn't even go up 3% this year so does that mean we get nothing again? Anyone know IF/what we get or how the hell to figure this up its confusing</p></blockquote><p></p>
[QUOTE="bscott85, post: 754050, member: 20590"] ok so I still don't understand at all how this is figured I know we didn't get one last year because the index went down, however it went up this year May 2009 figure = 208.774 May 2010 figure = 214.124 "For every 0.2 point increase in the Index, over and above the base (prior year's) Index plus 3.0% there will be a 1 cent increase." So does this mean that the increase has to raise ABOVE 3% before the raises even start to figure in? That pretty much means we get nothing. The index didn't even go up 3% this year so does that mean we get nothing again? Anyone know IF/what we get or how the hell to figure this up its confusing [/QUOTE]
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