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Brown Cafe UPS Forum
UPS Union Issues
Contractual COLA increase language
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<blockquote data-quote="R. Mutt" data-source="post: 3753877" data-attributes="member: 74425"><p>The baseline for a COLA is it having to be >5¢ (+0.2%/yr = 1¢) but +3%/yr is deducted by default. What sucks is we could see 4.1% inflation each year for 4 years straight and not see a dime (let alone a nickel.)</p><p></p><p>With the standard they have leaving a COLA clause in there at all feels like being condescended to.</p><p></p><p>So, you know, like any other day at UPS.</p></blockquote><p></p>
[QUOTE="R. Mutt, post: 3753877, member: 74425"] The baseline for a COLA is it having to be >5¢ (+0.2%/yr = 1¢) but +3%/yr is deducted by default. What sucks is we could see 4.1% inflation each year for 4 years straight and not see a dime (let alone a nickel.) With the standard they have leaving a COLA clause in there at all feels like being condescended to. So, you know, like any other day at UPS. [/QUOTE]
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