The Postal Accountability and Enhancement Act capped price increases for Market Dominant products (such as First-Class Mail) at the rate of inflation as measured by the Consumer Price Index for All Urban Consumers (CPI-U). The OIG examined the potential impact on USPS’s price authority, revenue, and inflation cost coverage if, since fiscal year (FY) 2011,…
December 30, 2023 Today the Postal Service submitted its calculations to the Postal Regulatory Commission for its density rate authority and retirement rate authority to increase rates in the coming year. These are the amounts that the Postal Service is permitted to raise rates on Market Dominant products beyond the Consumer Price Index (which, until…
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
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…
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…
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…
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…
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…
