Latest CPI Rise Will Yield $686 Annual Increase
August 15, 2007
Even with the Consumer Price Index falling slightly in July, the latest Cost-Of-Living Adjustment under the National Agreement will give APWU-craft employees an annual raise of $686.
July was the last month of the second six-month COLA measuring period in the 2006-2010 Collective Bargaining Agreement. The COLA will be effective Sept. 1, and will be reflected in Sept. 21 paychecks (Pay Period 19-07). The adjustment will amount to a 33 cents per hour increase, or $26.40 per pay period.
This will be the third largest COLA increase since 2000. APWU-represented employees received an $812 cost-of-living raise last September, and a $728 COLA in September 2005.