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NPMHU – Cost-of-Living Adjustment (COLA) set at $353

February 15, 2024

READ FULL ARTICLE AT » National Postal Mail Handlers Union

Cost-of-Living Adjustment (COLA) set at $353

Effective March 9, 2024 (Pay Period 07-2024), all career Mail Handler craft employees are scheduled to receive a cost-of-living (COLA) adjustment as outlined in Article 9.3 of the 2022 National Agreement. This is the third of six possible COLA increases under the terms of the current agreement. This COLA increase is based on the upward change in the relevant Consumer Price Index (CPI) following release of the January 2024 Index, using the July 2022 CPI index as a base.  The resulting calculation provides an annual increase of $353 for all Steps in Table 1 and for Step P of Table 2. The remaining Steps in Table 2 will receive the proportional COLA increase percentages as outlined in Article 9.3 of the National Agreement.

Updated wage charts to be provided soon.

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