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APWU Members to Receive Largest COLA Hike in 23 Years
APWU Web News Article #4-06, Aug. 18, 2004
Although the Consumer Price Index dipped slightly in July, the Cost-Of-Living Adjustment taking effect next month will give APWU-represented employees an annual raise of $624.
"The paycheck that members receive Sept. 24 will reflect the largest single COLA increase since May 1981," said President William Burrus. "It's just one example of the value of a union contract.
"Members also will receive a 1.3 percent wage increase in late November, giving them raises that total $1,184 to $1,292 over the next three months."
The latest adjustment - the sixth COLA period under the National Agreement - is based on the six-month measuring period that ended July 31. The four most recent COLA increases took effect March 6 ($208), Sept. 6, 2003 ($291), March 8, 2003 ($250), and Sept. 7, 2002 ($312).
