COLA Increase - APWU Web News Article 100-2012, August 18, 2012

(09/19/12) In August 2012, the Consumer Price Index (CPI-W) rose to 676.329. After the first month of the six-month measuring period, the third cost-of-living increase under the 2010 National Agreement would be $229.00 per year, $8.80 per pay period, $0.11 per hour. Howevever, the third COLA adjustment will be based on the January 2013 CPI index point and is expected to be effective March 19, 2013 (pay period 07-2013, pay date March 29, 2013).

Under the terms of the 2010 National Agreement , the 1st and 2nd COLAs, based on the January and July 2012 CPIs, respectively, are deferred until 2013.

The 1st COLA under the 2010 National Agreement will be $62 per year, $2.40 per pay period, $.03 per hour. The 1st COLA will become effective the first full pay period after the release of the January 2013 CPI-W, tentatively scheduled for March 9, 2013 (pay period 07-2013, pay date March 29, 2013). Note: both the 1st and 3rd COLAs under the 2010 National Agreement will be effective on this date.

The 2nd COLA will be $375.00 per year, $14.40 per pay period, $0.18 per hour and will be effective the second full pay period following the release of the July 2013 index. The expected effective date will be Sept. 7, 2013 (Pay Period 20-2013). Note: both the 2nd and 4th COLAs under the 2010 National Agreement will be effective on this date.

There will be seven COLA adjustments under the 2010-2015 Collective Bargaining Agreement based on the Jan. 2012, July 2012, Jan. 2013, July 2013, Jan. 2014, July 2014, and Jan. 2015 release of the CPI-W. The first two COLAs will be deferred until Jan. 2013 and July 2013, but will be based on the Jan. 2012 and July 2012 CPI-W, respectively.

Under the 2006-2010 National Agreement and the 2006-2010 Operating Services Agreement, employees received cost-of-living adjustments totaling $2,642.

In accordance with the 2010-2015 National Agreement, the Operating Services agreement has been incorporated into Article 40 of the National Agreement. There is no longer a separate Operating Services Agreement.

 

 

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