NALC: Backpay and COLA update

August 18, 2021 Backpay and COLA update Most eligible city letter carriers will receive retroactive pay pursuant to the 2019-2023 National Agreement on their August 20 paychecks. Backpay for some former city carrier assistants that were converted to career status between November 23, 2019 and April 9, 2021 must be calculated manually, resulting in a…

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APWU: Sixth COLA under 2018 CBA will be $1,935.00

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…

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APWU: Fifth COLA under 2018 CBA will be $416.00

In January, the final month of the six-month adjustment period for the fifth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 760.447; an increase over the July 2020 Index point upon which employees received the last COLA. As a result of the rise in index level, the following…

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2021 FERS Cost Of Living Adjustment will be 1.3% 

HOW THE COLA IS CALCULATED The 2021 FERS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2020 over the 2019 third quarter average. However, if the CPI-W quarterly average increases 3% or more, they subtract 1%. For example, a 5% increase in the quarterly CPI-W average results…

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Social Security Announces 1.3% Increase for 2021

Press Release – October 13, 2020 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021, the Social Security Administration announced today. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Increased payments…

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DOL Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2020

AGENCY: Employment and Training Administration, Office of Workers’ Compensation Programs, Office of the Secretary, Wage and Hour Division, Occupational Safety and Health Administration, Employee Benefits Security Administration, and Mine Safety and Health Administration, Department of Labor. ACTION: Final rule. SUMMARY: The U.S. Department of Labor (Department) is publishing this final rule to adjust for inflation…

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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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