Postal Letter Carriers COLA $790 Annually
Cost-of-living adjustment
The eighth regular cost-of-living adjustment under the National Agreement will be $790 annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for July announced August 16 by the U.S. Bureau of Labor Statistics.
The cost-of-living adjustment, effective the pay period beginning September 9 (pay date September 29), is the final regular COLA included in the 2001-2006 contract. It was based on the increase in the CPI-W between January and July 2006.
The eighth COLA of $790 annually is equivalent to 38 cents per hour, or $30.40 per pay period.
The latest COLA raised the annual pay for top rate carriers (CC Grade 1, Step O) to $49,218 annually, an increase of $6,583 or $253.19 per pay period since the beginning of the contract.
COLAs have accounted for over 50 percent of the total increase in salary.
source: National Association of Letter Carriers
August 17th, 2006 at 7:46 am
APWU gets 39 cents an hour cola and NALC get 38 cents. Whats up???
August 17th, 2006 at 11:24 am
carriers a have a differant formula for the cola. on a differant note whats up with the effective dates being differant? sept 2, 06 is the first day of the pay period and sept 22, 06 is the pay date.
August 19th, 2006 at 11:03 am
Well, atleast you know what your cola increase will be, the NRLCA still has not posted what ours is. We can always count on them….for what we don’t know.