COLA Update for NALC Postal Employees

 
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.5 percent in July, prior to seasonal adjustment. The July level of 216.304 (1982-84=100) was 6.2 percent higher than in July 2007. This equates to $1,498 annually for NALC postal employees covered under the National Contracts. The COLA will be effective the pay period beginning August 30 and received in checks on September 19. The new COLA is equivalent to 72 cents per hour ($57.60 per pay period).


Latest CPI-W Release from the BLS

CPI Reference: www.bls.gov

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Postal Contract COLA Update: $633

Contract COLA: $633
"...The accumulation toward the third regular cost of living adjustment for letter carriers under the 2006-2011 National Agreement was $633 in May following the release of the Consumer Price Index (CPI) for April 2008. The actual COLA will reflect the increase in the CPI between January and July 2008. ..."
Resource: www.nalc.org
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