Letter carrier’s 47 cent an hour COLA effective September 10

From the National Association of Letter Carriers:

Letter carriers will receive their first cost-of-living adjustment (COLA) in three years in September. The COLA will amount to 47 cents per hour ($978 annually). Contract COLAs, which have been provided by our collective-bargaining agreements since 1971, are based on changes in the Consumer Price Index (CPI) every six months. However, due to the recent recession—the worst since the Great Depression of the 1930s—the CPI has remained mostly flat, and as a result, no COLAs were paid over the past five adjustment periods. Thursday’s COLA, the fourth and final one under our 2006-2011 contract, covered about 60 percent of the price inflation observed between July 2008 and July 2011. The 47 cents per hour amounts to $37.60 per pay period, and it takes effect in Pay Period 20, which begins Sept. 10 (pay date Sept. 30).

  • johnson

    yay!

  • anonymous

    Thanks NALC!!!

  • johnnyd

    Just another reason to get out of the APWU.

  • postman

    No you just get out of the APWU and USPS all together….let some appreciative person take your job, ungrateful whiner.

  • Robert

    Of course this is no where the cost of living really is. Have you been to the super market lately? I appreciate the increase in my pay but it’s just to keep the peasants happy.

  • don gray

    were all sheep for the rich.

  • Cowens

    Be thankful!

  • gandhi

    budget your money,live within your means,dont buy your lunch out every day or buy a new vehicle every time you get an urge,dont take a vacation every year, dont buy your kids or grandkids everything they want,eat generic brand