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cost of living allowance--COLA
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<blockquote data-quote="brett636" data-source="post: 737551" data-attributes="member: 249"><p>Its in the contract that the COLA raise is based on how much the consumer price index(CPI) is increased above a set threshold(I cannot remember what that threshold is). The last time union employees recieved a COLA raise was 2006 and it was .12/hr. We would have recieved one in 2008 if I am not mistaken, but that was a contract year, and on contract years the COLA raise does not apply. I would not expect a COLA raise anytime soon as prices have been deflating or holding steady since 2008 and the raise is only based on the previous years May reading of the CPI versus the current May reading.</p></blockquote><p></p>
[QUOTE="brett636, post: 737551, member: 249"] Its in the contract that the COLA raise is based on how much the consumer price index(CPI) is increased above a set threshold(I cannot remember what that threshold is). The last time union employees recieved a COLA raise was 2006 and it was .12/hr. We would have recieved one in 2008 if I am not mistaken, but that was a contract year, and on contract years the COLA raise does not apply. I would not expect a COLA raise anytime soon as prices have been deflating or holding steady since 2008 and the raise is only based on the previous years May reading of the CPI versus the current May reading. [/QUOTE]
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