NPMHU – Cost-of-Living Adjustment (COLA) set at $2,455
Effective August 27, 2022, all career Mail Handler craft employees are scheduled to receive a cost-of-living (COLA) adjustment as outlined in Article 9.3 of the 2019 National Agreement. This is the last 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 July 2022 Index, using the July 2019 CPI index as a base. The increase will appear in paychecks dated September 16, 2022 (Pay Period 19-2022).
The resulting calculation provides an annual increase of $2,455 or $1.18 per hour 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.