Latest CPI Rise Will Yield $812 Annual Increase
08/16/2006 - The final Cost-Of-Living Adjustment under the National Agreement will give APWU-craft employees an annual raise of $812.
The Consumer Price Index rose slightly in July, the last month of the latest six-month Cost-Of-Living Adjustment measuring period in the extended 2000-2003 Collective Bargaining Agreement.
The 10th COLA (the second under the 2005-2006 extension) will be effective Sept. 2, and will be reflected in Sept. 22 paychecks (Pay Period 19-06). The adjustment will amount to a 39 cents per hour increase, or $31.20 per pay period.
“The second September paycheck will reflect the largest COLA increase under the current National Agreement,” said President William Burrus.
“COLA raises have made important contributions to our members’ wages,” he said. “This further shows the value of a union contract and strengthens our resolve to negotiate a strong new agreement.”
The current collective bargaining agreement expires Nov. 20. Bargaining with the Postal Service is set to begin Aug. 29.