(08/19/14) In July 2014, the Consumer Price Index (CPI-W) fell slightly to 698.580. The sixth COLA adjustment under the 2010 National Agreement is:
Per Annum: $686.00
Per Pay Period: $26.40
Cents Per Hour: 33¢
The first and third COLAs were effective March 9, 2013 (pay period 07-2013, pay date March 29, 2013) and totaled $207.00 per year, $7.96 per pay, and $0.10 per hour.
The second and fourth COLAs under the 2010 National Agreement were effective Sept. 7, 2013 (pay period 20-2013, pay date Sept. 27, 2013) and totaled $937.00 per year, $36.04 per pay period, and $0.45 per hour.
The fifth COLA which would have been effective March 8, 2014 was zero.
The sixth COLA is effective September 6, 2014, (pay period 20-2014, pay date September 26, 2014).
Seven COLA adjustments are provided for 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 releases of the CPI-W. So far, under the 2010 National Agreement, employees have received cost-of-living adjustments totaling $1,830.00.
New Pay Scales (Effective Sep. 6, 2014):
Full-Time Regular Annual Basic Rates
Full-Time Regular Hourly Basic Rates
Full-Time and Part-Time Regular Night Differential Rates
Part-Time Regular Hourly Basic Rates
Part-Time Flexible Hourly Basic Rates
Part-Time Flexible Night Differential Rates
Postal Support Employee (PSE) Hourly and Night Differential Rates
(Click here for the archive of Past Pay Scales)
For CSRS retirees:
(08/19/14) The 2015 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index in 2014 over the 2013 third quarter average. After the second quarter of 2014, the third quarter of the 2015 COLA adjustment period, the quarterly index has risen by 1.7%.
For FERS retirees:
(08/19/14) The 2015 FERS retiree COLA is based on the increase in the third quarter average of the CPI-W index in 2014 over the 2013 third quarter average. However, if the CPI-W quarterly average increases three percent or more, the COLA is the increase less one percent. If the quarterly average increase is between two percent and three percent, the COLA is two percent. If the quarterly average increase is two percent or less, the COLA is equal to the quarterly average increase. After the second quarter of 2014, the third quarter of the 2015 COLA adjustment period, the quarterly index has risen by 1.7%.
For Social Security recipients:
(08/19/14) The 2015 Social Security COLA is based on the third quarter (July, August, September) average CPI-W index in 2014 over the 2013 third quarter average. After the second quarter of 2014, the third quarter of the 2015 COLA adjustment period, the quarterly index has risen by 1.7%.
For FECA employees:
(08/19/14) The percentage increase in the December CPI-W index from year to year determines the FECA COLA increase. The 2014 FECA COLA will be 1.5% effective March 2014. After the seventh month of the twelve-month adjustment period for the 2015 FECA COLA, the CPI-W index has risen 2.335%.
– See more at: http://www.apwu.org/issues/pay#sthash.t6aBKEDC.dpuf
APWU any idiot that voted yes is getting what they deserve, unfortunately so are the rest of us, cliff guffey thanks alot.
APWU members or those eligible to become members. Please note that thanks to our former National Officers our COLA is half that of the mail handlers and carriers. Our new leadership has their work cut out for them.
On behalf of the NALC & NPMHU, we wish to say to the APWU & their lemmings:
HaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHa!
Mail Handlers got a better deal. Their COLA is over $1200!
This article should be called
“HOW TO USE LOVE”
brought to you by;
the USPS & the Postal Unions
If you believe what USPS mismanagement says and in the tooth fairy.
will lose more the $2 billion for the next quarter.