Our rider is still be worked out so I emailed our BA who is working on it about COLA ( cost of living adjustments.) The poster who wrote that the part-time wage should be around $18 /hr adjusted for inflation is just about RIGHT! We have not received a raise in pay since before the 1990's. The contract allows the company to use the wrong formula to figure out the COLA. It uses a government figure instead of a TRUE inflation figure such as the one that the Institute for Economic Research comes up with using all commodites and services people buy. COLA language needs change. their number is 8% for 2012 compared to 1% that Uncle Sam uses!!! why the difference? because if the rest of the world knew our TRUE inflation rate they would start dumping US Treasuries and cause the good ol USA to default like Greece has. China is already wising up. they have dumped 100 billion of our treasury notes causing us some recent inflation. Our inflation will probably be higher than 6-8% from now on as the US dollar weakens. just google this for more info. The TRUE inflation rate has been running a little over 6% since 1990. UPS profits have been averaging almost the same in that period. (this post is long so i am not gonna post all my sources. i have been researching this all night.) so anyway, this is my point. our wages are WAY behind the cost of inflation and the COLA language should of been addressed years ago. at a 6% rate of inflation , prices of goods and services will DOUBLE every 12 years. ( using Rule of 72 ). WE HAVE ALL SEEN THIS already paying your bills and food for years now.. Conversely, UPS profits and growth has easily doubled every 12 years at a average 6% growth rate. the poster who wrote that part-timers should be getting $18/hr ( adjusted for inflation ) was right. FT wages should be around $42/hr or more using the same formula.( since 1997 ) The company profits would of supported this. Our COLA language needs a major overall. If you have wondered why the company has been making record profits quarter after quarter, this has been a major reason. we have been going backwards since 1990 ( not keeping up with inflation ). the first "raise" of 70 cents is less than 35 cents in 1997 dollars. we will be in poorer shape in 5 years than we are in now. Our Brothers and Sisters who worked back before the 1990's had much more purchasing power than we do now. The same is true for every American. back when i was a kid only the father had to work to pay the bills and our Moms stayed home. now both Mom and Dads have to work to try to have the same standard of living. When union workers go backwards in pay and benefits, the average American worker is usually ahead of that curve. again , google this for more info. The BIG corporations are just getting stronger and more powerful . We are already feeling the "squeeze" and have been so for years now. That is why we have to fight for a much stronger contract . The companies' profits will support that ( repeat: the COMPANIES PROFITS WILL SUPPORT THIS ) and that is why I am voting NO on the current farcical offer. make your own conclusions.