When did we get that 12 cent COLA raise?

LVD*4*LIFE

Active Member
Hey all. I can't remember when we received that 12 cent COLA. Was it 2008?
I was just looking at the CPI-W. The May index will be released June 15.
Looking at the formula, I bet the CPI increase will trigger a COLA this year. Looks like it anyway!
 

JonFrum

Member
2006, if I remember correctly.

Will the Index rise over 3.5% or so???? That's the trigger.

Negotiators intended the fine print of the Formula to be difficult to trigger so both sides could boast that the Agreement contains a COLA that protects you from Inflation. Even though the trigger would almost never actually be met.

It's a way of selling the Contract and getting more "Yes" votes, with little or no cost to UPS.
 

JonFrum

Member
http://www.bls.gov/news.release/cpi.toc.htm
Not seasonally adjusted CPI measures:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.6 percent over the last 12 months to an index level of 225.964 (1982-84=100). For the month, the index increased 0.5 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.1 percent over the last 12 months to an index level of 222.954 (1982-84=100). For the month, the index rose 0.5 percent prior to seasonal adjustment.
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If "Table 4" is the correct Index, and it rose 4.1%, from 214.124 in May of 2010 to 222.954 in May of 2011, then all seniority employees who have compleated their wage progression will be getting about a 12-cent COLA on August 1, 2011.
 

idrivethetruck

Slow & steady wins the race.
...If "Table 4" is the correct Index, and it rose 4.1%, from 214.124 in May of 2010 to 222.954 in May of 2011, then all seniority employees who have completed their wage progression will be getting about a 12-cent COLA on August 1, 2011....
...and 6 additional stops added to their load!
 
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