John L. Marcotte, Candidate for APWU National President says “Don’t Believe APWU HQ COLA Spin”
Source: John L. Marcotte, Candidate for APWU National President
Tag: inflation
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…
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…
USPS: Second-quarter financial results reported
May 5, 2022 The Postal Service has reported its financial results for fiscal year 2022’s second quarter (Jan. 1-March 31). Here are some highlights: • Revenue. Operating revenue was approximately $19.8 billion, an increase of 4.7 percent compared with the same quarter one year earlier. First-Class Mail revenue increased 5 percent, while Marketing Mail revenue…
2022 COLA information for CSRS, FERS annuitants and SS recipients
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
USPS: Financial results reviewed in video
In his latest “Dollars and Change” video, Chief Financial Officer Joe Corbett reviews the Postal Service’s financial results for fiscal 2019’s first quarter (Oct. 1-Dec. 31, 2018). “The major trends in our business continue,” he says. USPS recorded $19.7 billion in total revenue, but operating expenses were $21.2 billion, leaving the organization with a net…
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…