USPS Mail Handler Cost-of-Living Adjustment (COLA) set at $353

  Cost-of-Living Adjustment (COLA) set at $353

Cost-of-Living Adjustment (COLA) set at $353

Effective March 9, 2024 (Pay Period 07-2024), all career Mail Handler craft employees are scheduled to receive a cost-of-living (COLA) adjustment as outlined in Article 9.3 of the 2022 National Agreement. This is the third of six possible COLA increases under the terms of the current agreement. This COLA increase is based on the upward change in the relevant Consumer Price Index (CPI) following release of the January 2024 Index, using the July 2022 CPI index as a base. The resulting calculation provides an annual increase of $353 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.

Updated wage charts to be provided soon.

Note: Links Added

Reference: NPMHU via NPMHU Local 317
 

ACTION NEEDED: FERS Employees: Please support a higher COLA in retirement with H.R. 866 | Equal COLA Act

 

Please share this article with other FERS employees. FERS employees get 1% less than CSRS retirees in 2023 due to discrimanatory calculation differences. This makes a huge difference over your retirement years as the difference continues to grow exponentially over time. This is your opportunity to take 5 minutes to hopefully alter your future in a positive manner. Take Action Now!

H.R. 866 | Equal COLA Act

Snippet of Article:Call or write congress on H.R. 866 "H.R. 866: To amend title 5, United States Code, to achieve parity between the cost-of-living adjustment with respect to an annuity under the Federal Employees Retirement System and an annuity under the Civil Service Retirement System, and for other purposes. ...Call or write congress on H.R. 866"

Source: www.govtrack.us

H.R. 866

More Reading: Difference in CSRS COLA vs FERS COLA in 2023: For the year 2023, annuitants who retired under CSRS will receive 8.7 percent increase and those who retired under FERS will receive a 7.7 percent increase. The rate varies each year.