Real COLA

35years

Gravy route
Copied from a Facebook thread...
What a real cost of living adjustment looks like:

In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind.

The February 2022 CPI was .08% or 9.4% annual inflation.

Using the government’s past CPI numbers, and using February’s CPI going forward…

Here is what we need just to keep 2020 buying power:

August 2022…$42.16

August 2023…$46.21 At contract signing

August 2024…$50.64

August 2025…$55.51

August 2026…$60.83

August 2027…$66.67

August 2028…$73.07

And before someone says that is too much, consider what management got a month ago…

1.5 MIP comes out to a yearly bonus (on top of wages) of the following:

4 months’ salary MIP for Supervisor (say $33,000)

7 month’s salary for a business manager (say $70,000)

11.8 months salary for a division manager (say $180,000)

There is also, in addition, the ownership incentive of 1 month’s salary.
 

Analbumcover

ControlPkgs
Copied from a Facebook thread...
What a real cost of living adjustment looks like:

In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind.

The February 2022 CPI was .08% or 9.4% annual inflation.

Using the government’s past CPI numbers, and using February’s CPI going forward…

Here is what we need just to keep 2020 buying power:

August 2022…$42.16

August 2023…$46.21 At contract signing

August 2024…$50.64

August 2025…$55.51

August 2026…$60.83

August 2027…$66.67

August 2028…$73.07

And before someone says that is too much, consider what management got a month ago…

1.5 MIP comes out to a yearly bonus (on top of wages) of the following:

4 months’ salary MIP for Supervisor (say $33,000)

7 month’s salary for a business manager (say $70,000)

11.8 months salary for a division manager (say $180,000)

There is also, in addition, the ownership incentive of 1 month’s salary.
 
Copied from a Facebook thread...
What a real cost of living adjustment looks like:

In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind.

The February 2022 CPI was .08% or 9.4% annual inflation.

Using the government’s past CPI numbers, and using February’s CPI going forward…

Here is what we need just to keep 2020 buying power:

August 2022…$42.16

August 2023…$46.21 At contract signing

August 2024…$50.64

August 2025…$55.51

August 2026…$60.83

August 2027…$66.67

August 2028…$73.07

And before someone says that is too much, consider what management got a month ago…

1.5 MIP comes out to a yearly bonus (on top of wages) of the following:

4 months’ salary MIP for Supervisor (say $33,000)

7 month’s salary for a business manager (say $70,000)

11.8 months salary for a division manager (say $180,000)

There is also, in addition, the ownership incentive of 1 month’s salary.
Settle down
 

Brownslave688

You want a toe? I can get you a toe.
Copied from a Facebook thread...
What a real cost of living adjustment looks like:

In August 2020 drivers made $38.44; that would be $41.96 in today’s dollars using the consumer price index (CPI). So we are already behind.

The February 2022 CPI was .08% or 9.4% annual inflation.

Using the government’s past CPI numbers, and using February’s CPI going forward…

Here is what we need just to keep 2020 buying power:

August 2022…$42.16

August 2023…$46.21 At contract signing

August 2024…$50.64

August 2025…$55.51

August 2026…$60.83

August 2027…$66.67

August 2028…$73.07

And before someone says that is too much, consider what management got a month ago…

1.5 MIP comes out to a yearly bonus (on top of wages) of the following:

4 months’ salary MIP for Supervisor (say $33,000)

7 month’s salary for a business manager (say $70,000)

11.8 months salary for a division manager (say $180,000)

There is also, in addition, the ownership incentive of 1 month’s salary.
Well we aren’t going to have 10% interest going forward or we have a lot bigger problems but $50 an hour should be the min anyone is willing to accept end of the next contract.
 

Swanson

Henry Swanson's my name, and excitement's my game.
Well we aren’t going to have 10% interest going forward or we have a lot bigger problems but $50 an hour should be the min anyone is willing to accept end of the next contract.
as well as 16.05 an hour for pt which beats the minimum wage here by a penny.
 

JL 0513

Well-Known Member
Since COLA must be adjusted as stipulated in the contract, I'm really anxious to see what we get August 1. I forget what the language states. Is it basically inflation adjusted beyond what the GWI accounts for? Somehow I doubt UPS will be obligated to match about a 7.9% inflation rate. If so, could we actually be looking at a $2.50 COLA on top of the $1 raise? $3.50/hr raise work drivers would be required to keep up with official inflation. We all know though real inflation is much higher because many of the biggest increases are even included.

Anyone knowledgeable enough to say what we'll actually get for COLA?
 

floridays

Well-Known Member
as well as 16.05 an hour for pt which beats the minimum wage here by a penny.
What year did the teamsters throw new brothers, full and part-time under the bus?

You clowns should be ashamed of yourselves.

Just my opinion.

Don't like it forgetyourself.
 

Swanson

Henry Swanson's my name, and excitement's my game.
What year did the teamsters throw new brothers, full and part-time under the bus?

You clowns should be ashamed of yourselves.

Just my opinion.

Don't like it forgetyourself.
Yes sir 21st century minimum wage union labor,progress at it's finest.
 

35years

Gravy route
Since COLA must be adjusted as stipulated in the contract, I'm really anxious to see what we get August 1. I forget what the language states. Is it basically inflation adjusted beyond what the GWI accounts for? Somehow I doubt UPS will be obligated to match about a 7.9% inflation rate. If so, could we actually be looking at a $2.50 COLA on top of the $1 raise? $3.50/hr raise work drivers would be required to keep up with official inflation. We all know though real inflation is much higher because many of the biggest increases are even included.

Anyone knowledgeable enough to say what we'll actually get for COLA?
Complicated formula. Someone else ran the numbers and the Cola for this August looks like $.40 in addition to the $1 regular wage increase. Not close to $3.50 needed to keep up with inflation.
 

Brownslave688

You want a toe? I can get you a toe.
Complicated formula. Someone else ran the numbers and the Cola for this August looks like $.40 in addition to the $1 regular wage increase. Not close to $3.50 needed to keep up with inflation.
It’s already at 40 cents if inflation stops 2 weeks ago. It’s a raise we get in June not august and good chance it ends up being 60ish cents
 

35years

Gravy route
I ran the numbers myself; please correct me if I am wrong.

Current CPI is 283.716
Last year's May CPI was 263.612
3% is excluded by contract.
To calculate COLA you take the previous index (CPI21), multiply it by 1.03 to get your baseline 3% increase (referred to as 3%base), find the difference between the current CPI-W (CPI22) and the adjusted 3% increase (3%base), and multiply by 5 because each 0.2 points is one cent so each 1 point is therefore 5 cents. The formula is shown below:
3%base = CPI21 x 1.03 = 271.512
Raise = (CPI22 - 3%base) x 5

So:
3%base = 263.612 x 1.03 = 271.512
Raise = (283.716 - 271.512) x 5 = (12.204) x 5 = 61 cents as of today.

Now, the CPI is calculated by May's numbers so it will likely be 15 cents higher by then, for a total of 76 cents.
 
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