NALC – 3rd contract COLA set at $416
The third regular cost-of-living adjustment (COLA) for career letter carriers under the 2019-2023 National Agreement is $416 annually following the release of the January Consumer Price Index. This increase will be added to every step in Table 1 and Step O in Table 2, and then applied proportionately to Steps A through N in Table 2. The increase will be payable retroactive to February 27.
This COLA will be included in back pay calculations, which are ongoing. More information on the implementation of the new contract will be released as soon as possible.