2024 COLA is going to be lost to new contract addition

[Its_a_me]

In the last contract, the union gave away bargained our COLA increases for 2024. The bold part below was the added giveaway bargaining that wasn't in previous contracts.

ARTICLE 33. COST-OF-LIVING (COLA)
....
For every two tenths (0.2) point increase in the Index, over and
above the base (prior year’s) Index plus three percent (3.00%) there
will be a one (1) cent increase in the hourly wage rates payable on
August 1, 2024 and every August 1 thereafter. These increases shall
only be payable if they equal five cents ($.05) in a year.

The estimate from analysts are out ahead of the official (Wed) June 12th release date...

On Wed June 12th:

The Bureau of Labor Statistics releases the consumer price index for May. Consensus estimate is for the CPI to increase by 3.4% year over year, matching the April data. The core CPI, which strips out food and energy prices, is expected to rise 3.5%, one-tenth of a percentage point less than previously.

source: https://www.barrons.com/articles/fe...-wwdc-broadcom-oracle-earnings-stock-a54391b4

This means the COLA would have been $0.0362 under the old contract--but is less than $0.05 which our union gave away bargained. SO WE GET NOTHING.

Our union lost us about $61.00 based on 2040 hours a year. We previously had already give up the first 3%, but that is a complete mislead since it is now really about 3.5% albeit clearly worded.

 

[Thebrownblob]

In the last contract, the union gave away bargained our COLA increases for 2024. The bold part below was the added giveaway bargaining that wasn't in previous contracts.



The estimate from analysts are out ahead of the official (Wed) June 12th release date...



source: https://www.barrons.com/articles/fe...-wwdc-broadcom-oracle-earnings-stock-a54391b4

This means the COLA would have been $0.0362 under the old contract--but is less than $0.05 which our union gave away bargained. SO WE GET NOTHING.

Our union lost us about $61.00 based on 2040 hours a year. We previously had already give up the first 3%, but that is a complete mislead since it is now really about 3.5% albeit clearly worded.

I’ll write you a check for $61

 

[Rain Maker]

You are

IThe bold part below was the added giveaway bargaining that wasn't in previous contracts.

These increases shall only be payable if they equal five cents ($.05) in a year.

You are mistaken. This line has been in our contracts since 2002. Look through our old contracts at the TDU website and see for yourself.

Old Contracts

Teamsters For A Democratic Union

www.tdu.org

 

[IVE GOTTA PACKAGE 4U]

I’ll write you a check for $61

Can I have one too?

 

[Thebrownblob]

Can I have one too?

No

 

[IVE GOTTA PACKAGE 4U]

No

SOB

 

[Thebrownblob]

SOB

Sean Obrian?

 

[542thruNthru]

In the last contract, the union gave away bargained our COLA increases for 2024. The bold part below was the added giveaway bargaining that wasn't in previous contracts.



The estimate from analysts are out ahead of the official (Wed) June 12th release date...



source: https://www.barrons.com/articles/fe...-wwdc-broadcom-oracle-earnings-stock-a54391b4

This means the COLA would have been $0.0362 under the old contract--but is less than $0.05 which our union gave away bargained. SO WE GET NOTHING.

Our union lost us about $61.00 based on 2040 hours a year. We previously had already give up the first 3%, but that is a complete mislead since it is now really about 3.5% albeit clearly worded.

Yeah you might want to check your facts. The $.05 has been there for a while.

 

[IVE GOTTA PACKAGE 4U]

Yeah you might want to check your facts. The $.05 has been there for a while.

You're correct about that

 

[Just A UPS Guy]

In the last contract, the union gave away bargained our COLA increases for 2024. The bold part below was the added giveaway bargaining that wasn't in previous contracts.



The estimate from analysts are out ahead of the official (Wed) June 12th release date...



source: https://www.barrons.com/articles/fe...-wwdc-broadcom-oracle-earnings-stock-a54391b4

This means the COLA would have been $0.0362 under the old contract--but is less than $0.05 which our union gave away bargained. SO WE GET NOTHING.

Our union lost us about $61.00 based on 2040 hours a year. We previously had already give up the first 3%, but that is a complete mislead since it is now really about 3.5% albeit clearly worded.

 

[Thebrownblob]

Yeah you might want to check your facts. The $.05 has been there for a while.

Let him have his outrage!

 

[IVE GOTTA PACKAGE 4U]

Let him have his outrage!

Give me my check

 

[Thebrownblob]

Give me my check

Venmo?

 

[542thruNthru]

Let him have his outrage!

I don't seem him complaining about stealing the West's money!

 

[Thebrownblob]

I don't seem him complaining about stealing the West's money!

Complain? We’re celebrating!

 

[IVE GOTTA PACKAGE 4U]

I don't seem him complaining about stealing the West's money!

@Wally ?

 

[I have NOT been lurking]

I’ll write you a check for $61

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[Just A UPS Guy]

I don't seem him complaining about stealing the West's money!

Kinda chilly in the whale's vagina tonight, I shoulda brought a jacket!!!

 

[Thebrownblob]

Kinda chilly in the whale's vagina tonight, I shoulda brought a jacket!!!

 

[542thruNthru]

Kinda chilly in the whale's vagina tonight, I shoulda brought a jacket!!!

They don't know what you're talking about, but don't worry I do.