Social Security COLA to be 8.7% for 2023

Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2021 through the third quarter of 2022, Social Security and Supplemental Security Income (SSI) beneficiaries will receive an 8.7 percent COLA for 2023. See 2023 Social Security Changes – Fact Sheet

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USPS OIG Report: Inflation and the U.S. Postal Service

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…

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APWU: Second COLA Increase Announced – $1.18 per hour for career employees

August 10, 2022 In accordance with the 2021-2024 Collective Bar­gaining Agreement, career employees represented by the APWU will receive a $1.18 per hour cost-of-living adjustment (COLA), effective August 27, 2022. The increase is the result of a rise in the Consum­er Price Index (CPI-W). It will appear in paychecks dated September 16, 2022 (Pay Period…

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Social Security Announces 1.6 Percent COLA for 2020

Press Release – October 10, 2019 Social Security Announces 1.6 Percent Benefit Increase for 2020 Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020, the Social Security Administration announced today. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63…

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NALC: 7th Contract COLA is $624 (30 cents per hour)

August 13 Contract COLA: 7th COLA is $624 The seventh regular COLA under the 2016-2019 National Agreement is $624 annually following the release of the July 2019 Consumer Price Index. On August 13, the Bureau of Labor Statistics announced that the CPI for Urban Wage Earners and Clerical Workers (CPI-W, 1967=100) stood at 745.376 in…

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NALC: Fourth COLA set at $520

February 14, 2018 Contract COLA: 4th COLA is $520 The fourth regular COLA under the 2016-2019 National Agreement is $520 annually following the release of the January 2018 Consumer Price Index. On February 14, the Bureau of Labor Statistics announced that the CPI for Urban Wage Earners and Clerical Workers (CPI-W, 1967=100) stood at 720.604…

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APWU: COLA Increase of one-cent per hour, Effective September 3

Web News Article #: 180-2016 08/16/2016 – Career employees represented by the APWU will receive a one-cent per hour cost-of-living adjustment (COLA) effective Sept. 3, in accordance with the 2015-2018 Collective Bargaining Agreement. The increase is the result of a slight increase in the Consumer Price Index (CPI-W). The increase will appear in paychecks dated…

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OSHA Penalties to Increase by almost 80% in 2016

November 24, 2015 A little-noticed provision in the federal Bipartisan Budget Act of 2015 calls for OSHA to increase its penalties to adjust for inflation for the first time since 1990. The Federal Civil Penalties Inflation Adjustment Act requires OSHA to implement regulations by August 2016 increasing the maximum penalties for OSHA violations first by…

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