Where's My COLA Increase?
If the Consumer Price Index (CPI-W) for Urban Wage Earners and Clerical
Workers rises 0.4 points in July 2011, a COLA shall be paid to Mail Handlers in
September 2011.
Article 9, Section 3C of the 2006-2011 NPMHU National Agreement states;
"The basic salary schedule provided for in this Agreement
shall be increased 1 cent per hour for each full 0.4 of a point
increase in the applicable Index above the Base Index. For
example, if the increase in the Index from
July 2006
to January
2007
is 1.2 points, all pay scales for employees covered by this
Agreement will be increased by 3 cents per hour. In no event will a
decline in the Index below the Base Index result in a decrease in
the pay scales provided for in this Agreement."
How is the CPI-W Calculated?
The Consumer Price Index for Urban Wage Earners
and Clerical Workers (CPI-W) is calculated by the US Department of Labor's
Bureau of Labor Statistics. There are many expenditure categories used to
determine the CPI-W.
The major expenditure category which drove up
the CPI-W for July 2008 was fuel & gasoline. This increase in the CPI-W
increased our Cost Of Living Adjustment to $1,477 in July of 2008.
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