In July, the final month of the six-month adjustment period for the sixth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 797.661; an increase over the January 2021 index point upon which employees received the last COLA.
As a result of the rise in index level, the following COLA adjustment will be applied to each step of the basic annual salary for all employees covered under the 2018-2021 Collective Bargaining Agreement effective August 28, 2021 (pay period 19-2021, pay date September 17, 2021).
The sixth COLA under the 2018 National Agreement will be $1,935.00:
Monthly Tracking
Amount
Per Annum
$1,935.00
Per Pay Period
$74.40
Cents Per Hour
$0.93
Under the 2018 National Agreement, employees accrued the following adjustments totaling $3,349.00:
#
Amount Effective Date Pay Period Pay Date 1 $0.00 March 2, 2019 06-2019 March 22, 2019 2 $624.00 August 31, 2019 19-2019 September 20, 2019 3 $166.00 February 29, 2020 06-2020 March 20, 2020 4 $208.00 August 29, 2020 19-2020 September 18, 2020 5 $416.00 February 27, 2021 06-2021 March 19, 2021 6 $1,935.00 August 28, 2021 19-2021 September 17, 2021
Source: American Postal Workers Union