page 6 - Convoy Dispatch August 2008 Ups Teamsters got a 35 cent raise on August 1, the smallest raise in many years. Another 35 cent raise will follow in six months, for a total of 70 cents over the next year. Last August 1, UPS Teamsters received a $1 raise. How much did gas and food cost then, compared to now? The contract also didn't provide for a cost of living improvement this year, a serious problem when inflation has run at 4.5 percent. For a full-time Teamster, a 35 cent raise is just 1.25 percent, meaning a big loss in real wages. One group of Teamsters involved with our UPS contract did get taken care of. They are the top union negotiators. James Hoffa received a $12,500 cost of living adjustment on July 1. hall cost of living adjustment on July 1 was &5,786. That's a much less bitter pill to swallow than 35 cents.