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Monday, February 19, 2018

COLA 2018: First Cost of Living Allowance of 2018 - $520 to be effective March 3rd

  First Cost of Living Allowance of 2018 - $520 to be effective March 3rd
Effective on March 3, 2018, career Mail Handler craft employees are scheduled to receive the fourth of seven possible cost-of-living (COLA) adjustments as outlined in Article 9.3 of the 2016 National Agreement. This COLA increase is based on the upward change in the relevant Consumer Price Index (CPI) following release of the January 2018 Index, and provides an annual increase of $520 for all Steps in Table 1 and for Step P of Table 2. The remaining Steps in Table 2 will receive the proportional COLA increase percentages as outlined in Article 9.3 of the National Agreement. The increase will appear in paychecks dated March 23, 2018.
Reference: www.npmhu.org