April 7, 2023 Last April, NALC and USPS settled an interpretive dispute over the Postal Service’s method of calculating overtime pay, Sunday premium pay, general wage increases, and cost of living adjustments (COLAs) for Part-Time Flexible (PTF) city letter carriers in Step AA. The dispute centered around the implementation of the new language contained in…
The magnitude and immediacy of the impact of high inflation on the Postal Service vary widely according to the category of costs and revenue. For example, inflation has a direct impact on cost-of-living adjustments (COLAs), which are pegged to the inflation rate. Price increases for market dominant products, such as First-Class Mail, are also directly…
The 2022 CSRS COLA adjustment will be 5.9% effective with January 2022 annuity payments. The 2022 FERS COLA adjustment will be 4.9% effective with January 2022 annuity payments. The 2022 Social Security COLA adjustment will be 5.9% effective with January 2022 annuity payments. Source: Pay Information | American Postal Workers Union
Statement from President Rolando: “Today I am pleased to announce that NALC and the U.S. Postal Service have reached a tentative agreement on a new national contract, a goal we have been working toward continuously for the last 17 months. As I have repeatedly reported many times, NALC followed a dual-track approach to achieve a…
Press Release – October 4, 2017 Alexandria, VA – The Office of Personnel Management (OPM) today announced the average Federal Employees Health Benefits (FEHB) Program premium for America’s retired and active federal workers will increase 4.0 percent in 2018, with the average enrollee’s share rising 6.1 percent. In response, Richard G. Thissen, president of the…
For CSRS Retirees: The 2017 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2016 over the 2014 third quarter average. Because there was no payout on the 2015 3rd quarter average, the base remained the 3rd quarter average for 2014. The 2017 CSRS COLA effective December…
(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…
