Cost-of-Living Adjustment (COLA) set at $978
Effective August 26, 2023 (Pay Period 19-2023), 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 second 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 2023 Index, using the July 2022 CPI index as a base. The resulting calculation provides an annual increase of $978 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.