With economy should COLA be automatic?

[Over70irregs]

Automatic COLA?
At 8% yearly inflation:
After 9 years, a $1,000,000 retirement/pension, will only have $472K in purchasing power.
People don’t understand how much they are being robbed.

 

[Over70irregs]

U.S. To Send $1.3 Billion More In Financial Aid To Ukraine​

(Figured I’d look ahead)

 

[BigUnionGuy]

Automatic COLA?
At 8% yearly inflation:
After 9 years, a $1,000,000 retirement/pension, will only have $472K in purchasing power.
People don’t understand how much they are being robbed.

It's already in the contract....


"Effective August 1, 2019 and every August 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 2019 (published June 2019) and every May thereafter, and the base Index for May 2018 (published June 2018) and every May thereafter, as follows:"

https://teamster.org/wp-content/uploads/2018/12/ups18nationalmaster.pdf

 

[DOK]

It's already in the contract....


"Effective August 1, 2019 and every August 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 2019 (published June 2019) and every May thereafter, and the base Index for May 2018 (published June 2018) and every May thereafter, as follows:"

https://teamster.org/wp-content/uploads/2018/12/ups18nationalmaster.pdf

So what’s that equate to for a COLA raise for this year? Are we even getting one?

 

[Jakamoe]

So what’s that equate to for a COLA raise for this year? Are we even getting one?

Not sure yet. They calculate it in May. The equation for the exact number they use is in tye contract. I've been told by my BA expect about 75 cents on top of the raise for August.

 

[DOK]

Not sure yet. They calculate it in May. The equation for the exact number they use is in tye contract. I've been told by my BA expect about 75 cents on top of the raise for August.

I’m guessing .36 cents, only a guess haha

 

[saintrick]

.83

 

[Over70irregs]

Round up?

 

[IVE GOTTA PACKAGE 4U]

I’m guessing .36 cents, only a guess haha

Almost $0.50 an hour more than that...

 

[DriveInDriѵeOut]

Automatic COLA?

It's already in the contract...

So with the gwi and cola, we got like what, a 4-5% raise? When inflation is at 8+%....?

 

[BigUnionGuy]

 

[BigUnionGuy]

 

[IVE GOTTA PACKAGE 4U]

View attachment 387623

Thank God the last administration did not get rid of our c o l a raises

Or negotiate them down to 22.4 Cola raises

 

[PASinterference]

So with the gwi and cola, we got like what, a 4-5% raise? When inflation is at 8+%....?

More reason to demand more in the next contract. New crew this time that hasn't had their pockets lined yet. That should mean we will get a decent contract next time without all the concessions.

 

[MyTripisCut]

So with the gwi and cola, we got like what, a 4-5% raise? When inflation is at 8+%....?

You ever not complain about every single thing Mary?

 

[BigUnionGuy]

 

[DriveInDriѵeOut]

Do us a favor and change your name to V hole lip face. Better suits you. Thanks.
Quit and work somewhere else, then post the raise you got dick breath.

Why don't you STFU, get on your knees, and gobble my dick you dumb mother fuсker.

 

[DriveInDriѵeOut]

You ever not complain about every single thing Mary?

I didn't complain, I asked a question.
That's what the question mark at the end means.

Is there a reason my question triggered you so much sweetheart? Go take a midol honey, you'll feel better in a few days.

 

[542thruNthru]

Why don't you STFU, get on your knees, and gobble my dick you dumb mother fuсker.

 

[542thruNthru]

I didn't complain, I asked a question.
That's what the question mark at the end means.