COLA increase?

Discussion in 'UPS Discussions' started by I GOT ONE MORE, Jul 2, 2008.

  1. I googled "ups cola" and came up with this among the results. The following news article answers some questions I had about the likelihood of a COLA adjustment at our Aug 1 wage increase. Please read it and respond for the forum. Personally, I'm a little disappointed with our leadership, in at least two ways.

    No Cost of Living Raise for UPS Teamsters
    June 20, 2008: All UPS Teamsters will be missing something this summer: a cost of living raise of 15¢ per hour.

    Gasoline and food prices are skyrocketing. Inflation, as measured by the Consumer Price Index (CPI-W), went up 4.5 percent from May 2007 to May 2008. This is the period used in Article 33 of our contract.

    When that index goes over three percent, we are supposed to get a cost of living adjustment (COLA).

    Calculations by Teamsters for a Democratic Union (TDU) show that the Article 33 formula should give us a 15¢ additional raise, due to the high cost of living.

    Instead, our negotiators left this year’s COLA out of the early contract deal. It will be in effect for 2009, if inflation continues to run high.

    Curiously, DHL Teamsters did get a COLA raise this year.

    While 15¢ is not a lot, look at this way. For a full-timer who averages 46.6 hours per week, that would be $390 this year, and $1,950 over the life of the contract. That would fill your tank a few times.

    Look at it another way: a full-time UPSer who gets a 70¢ raise (with half of it delayed until February 2009) will be getting a 2.5 percent raise, but prices have gone up 4.5 percent. Thus we lost two percent, or 57¢ per hour, in buying power. A 15¢ COLA raise would have at least softened that loss to our standard of living.

    Most of us don’t think about how important a cost of living clause is until inflation bites us in the wallet. We need to plan ahead and get a much better cost of living clause in our next contract.

    Who has such a clause? Our International Union officials do! They get a full 4.5 percent COLA raise this July. James Hoffa’s salary of $277,777 will go up $12,500 due to that COLA adjustment. And he gets a “housing allowance” and other bonuses and perks which add $135,457 to that amount, putting him well over $400,000 a year.

    Maybe that’s why he forgot to take care of that 15¢ COLA for us.
  2. New Englander

    New Englander New Member

    At some point $32 and change at the end of this contract for a bunch of truck drivers looks pretty good, no?
  3. sx2700

    sx2700 Banned

    Whatever you have to tell yourself to justify voting for a crappy contract.
  4. filthpig

    filthpig Active Member

    Go Teamsters! Hooray Beer!
  5. New Englander

    New Englander New Member can tell how I voted just by my reply? I bow down to your greatness!

    For your information I voted No, though it had nothing to do with financial reasons.
  6. brownmonster

    brownmonster Man of Great Wisdom

    Whew, I thought the price of Pepsi went up.
  7. brownandout

    brownandout Guest

    hey u guys voted HOFFA in...........where im from he didnt get our votes.........HE LOST IN OUR LOCAL.........
  8. happyboy

    happyboy Member

    Just get your own cola, if they won't give it to you take it. Goof off for ten minutes 3 times a week. Just about whe your ready to clock out, goof off, go to the restroom. talk with the clerk, act like you are dooing something important. $42 X 30 min= 21 a week or just over $1000 a year. Problem solved.
  9. I thought this info would have invoked better banter amongst the forum. While I am not particularly caught up in a 15 cent per hour increase, because it really isn't that much...... my point is Mr. Hoffa should have also participated in not having an increase.

    I believe UPS employees are the largest contributor of dues to the union..... and for our Teamster leader to gain an extra grand, monthly.....well, that's a little insulting.

    I have 72 bucks deducted promptly from my paycheck on the first of each month.

    That money pays the salary of my union administrators.

    While I am pleased and grateful with what collective bargaining and union solidarity has achieved on my behalf, I am still bewildered by the detachment of leadership compensation.

    I really don't have a problem with Mr. Hoffa pulling in about 8000 bucks a week.........

    It's the $390 a year I'm missing out on, when he's getting $12,500.

  10. New Englander

    New Englander New Member

    So should Teamster contracts be exactly the same across the board for all companies represented?

    You know, no individual contracts just one Teamster Contract for all?
  11. 705red

    705red Browncafe Steward

    I dont believe thats what he/she is trying to say here. I believe this poster is upset that hoffa allowed the company to give you split raises to save thousands of dollars per employee over the five years and failed to insure cola for this year saving the company even more money now over the duration of your career.

    To respond to your 1st sentence absolutely not. You cant compare even a dhl to ups or any other freight company to another. The reason we are better paid than most is due to us working for a very profitable company. One of the reasons this company is very profitable has alot to do with the amount of under paid part timers. It also helps when hoffa allows ups to cut the medical benefits from all new ptimers saving the company thousands more per year on every new hire. Crap you cant blame ups for this they offered it and it was excepted, you should blame your teamster leadership and the members that voted for it without reading it through. That 15 cents over a 30 year career for a ftimer at 8 hours per day eguals $9,360 gone.

    Ups for many years has also had great vision down the road and been ahead of the game from logistics to getting involved with freight which has lead to great investment oppurtunities and growth.
    Last edited: Jul 4, 2008
  12. 705red has it right. It doesn't fly with me that Mr. Hoffa will enjoy this benefit while UPSers will not.

    And to add more salt to the wound........the way I understand how the COLA is calculated, we likely won't see any adjustment next year. In short, this years CPI is compared with last years CPI to obtain the numbers for the formula to calculate a potential increase.

    Well, things would have to go a hell of alot higher next year to justify a COLA increase comparing next years index with the high one we have this year.

    This one is gone for good.

    I hope that $12,500 spends well, Mr. Hoffa
  13. ups56man

    ups56man New Member

    our local voted no to contract no one reads the fine print
  14. 705red

    705red Browncafe Steward

    I disagree with you on reading the fine print. Not only do you have to read the fine print you have to know the meaning and definition of new language and its intent.
  15. union man

    union man Guest

    I'm lost, we should receive this because we are still under the old contract.Monetay issues were not to take affect till Aug. 1st. Contract reads the same as 2002 and 1997. I'm grateful for the union but this is wrong. A small goup of us have contacted the nlrb and have a case worker assigned to us. Please post anything up here that could help like proof that your local officers received a cola.
  16. Overpaid Union Thug

    Overpaid Union Thug Well-Known Member

    We are under the new contract now. The remainder of the old contract was negated by all the yes voters and the new contract was ratified early. Most people saw the drastic change (for the better) in our pensions and voted yes without reading much, or any, of the other proposed changes to the contract.
  17. It's allright, I'll just take my COLA raise out of the money I'm NOT giving to United Way this year.

  18. Actually we were told if we did anything ie, bathroom, washing hands before clocking out, Automatic termination.
  19. Mike Hawk

    Mike Hawk New Member

    I hope we don't get a cola increase, $1 at the pop machine is enough as it is!:happy-very:

    But really that’s a pretty high double standard Hoffa has, giving himself a COLA but not UPSers. Does he really need it with 400k a year already?
  20. upsdude

    upsdude Well-Known Member

    If you're upset over the cola, wait until they (Teamsters) take half of your raise. Read the contract, they can take half of your raise for H&W.

    I voted no by the way.