2009 Cola????

[dragracer66]

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.

 

[Catatonic]

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.

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

 

[Stran]

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

 

[brett636]

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.

 

[UnconTROLLed]

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!

 

[MechanicForBrown]

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

 

[dragracer66]

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

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....

 

[MechanicForBrown]

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.

 

[UnconTROLLed]

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.

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

 

[bubsdad]

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.

 

[UpstateNYUPSer(Ret)]

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.

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

 

[Catatonic]

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.

I get a raise every time you or Upstate posts something.

 

[MechanicForBrown]

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

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.

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.

 

[UnconTROLLed]

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

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

 

[bubsdad]

Better than our split raises

This is what I was commenting on.

 

[MechanicForBrown]

 

[Pip]

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....

I'll second that!

 

[ups79]

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.

 

[Creeper head]

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

 

[Channahon]

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.

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!!