When did we get that 12 cent COLA raise?

[LVD*4*LIFE]

Hey all. I can't remember when we received that 12 cent COLA. Was it 2008?
I was just looking at the CPI-W. The May index will be released June 15.
Looking at the formula, I bet the CPI increase will trigger a COLA this year. Looks like it anyway!

 

[JonFrum]

2006, if I remember correctly.

Will the Index rise over 3.5% or so???? That's the trigger.

Negotiators intended the fine print of the Formula to be difficult to trigger so both sides could boast that the Agreement contains a COLA that protects you from Inflation. Even though the trigger would almost never actually be met.

It's a way of selling the Contract and getting more "Yes" votes, with little or no cost to UPS.

 

[LVD*4*LIFE]

It looks like it, but that is just an educated guess. The May index will be issued June 15.

 

[Anonymous 10]

Fat chance

 

[MissedBusiness]

Fat chance

What he said.

 

[JonFrum]

http://www.bls.gov/news.release/cpi.toc.htm
Not seasonally adjusted CPI measures:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.6 percent over the last 12 months to an index level of 225.964 (1982-84=100). For the month, the index increased 0.5 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.1 percent over the last 12 months to an index level of 222.954 (1982-84=100). For the month, the index rose 0.5 percent prior to seasonal adjustment.
- - - - -
If "Table 4" is the correct Index, and it rose 4.1%, from 214.124 in May of 2010 to 222.954 in May of 2011, then all seniority employees who have compleated their wage progression will be getting about a 12-cent COLA on August 1, 2011.

 

[brett636]

It was 2006 as that was the last year I was part-time.

 

[idrivethetruck]

...If "Table 4" is the correct Index, and it rose 4.1%, from 214.124 in May of 2010 to 222.954 in May of 2011, then all seniority employees who have completed their wage progression will be getting about a 12-cent COLA on August 1, 2011....

...and 6 additional stops added to their load!

 

[LVD*4*LIFE]

That's what I figured as well. Thanks.

 

[Coldworld]

would we be eligible for one in 2025 if warranted or is there something in the new contract that states otherwise??

 

[KearsargeCoop]

would we be eligible for one in 2025 if warranted or is there something in the new contract that states otherwise??

I thought I had read no cola, due to the yearly Aug 1 raises, but can't remember exactly.

 

[Coldworld]

I thought I had read no cola, due to the yearly Aug 1 raises, but can't remember exactly.

Couldn't remember if it was for year 24 or all of them.

 

[Brownisbrown]

Whats a COLA

 

[KearsargeCoop]

Whats a COLA

Cost of living adjustment

 

[PT Car Washer]

Cost of living adjustment

I doubt if we get a COLA adjustment since inflation has been reduced to acceptable levels.

 

[KearsargeCoop]

I doubt if we get a COLA adjustment since inflation has been reduced to acceptable levels.

Ok

 

[Anthropomorphic Cow]

I doubt if we get a COLA adjustment since inflation has been reduced to acceptable levels.

Page 99 on the national.. 1 cent for every .2 over 3.00 on cpi-w… as long as it at least equals 5 cents. So unless cpi-w jumps to 4% in may there will be no cola

 

[DriverNerd]

would we be eligible for one in 2025 if warranted or is there something in the new contract that states otherwise??

I thought I had read no cola, due to the yearly Aug 1 raises, but can't remember exactly.

That was only for the first year of the new contract. It was bundled in with our $2.75 raise. All other yearly raises will be eligible for a COLA adjustment if the index is high enough.

 

[KearsargeCoop]

That was only for the first year of the new contract. It was bundled in with our $2.75 raise. All other yearly raises will be eligible for a COLA adjustment if the index is high enough.

Where do you read that? And what does the index have to be to trigger the cola. Thanks!

 

[thecamel]

The index will need to be $5 eggs, $6 bread, and $6 or $7 a gallon gas again. No thanks, not for an 80 cent raise.