Welcome Member Login What's New at Local 492
UPS Article 33 Cost-Of-Living COLA for August 1, 2022
A COLA increase effective August 1, 2022, is calculated as follows. The contract specifies a one (1) cent per hour and one-fourth (0.25) mills per mile increase for every two-tenths (0.2) point increase in the CPI-W Index in excess of 3.0% and at least totaling $0.05. Reaching an Index level of 288.022 in May 2022, the Index increased 16.502 points above the May 2021 Index plus 3.0%, and that translates to the following COLA increases:
$0.82 per hour
2.05 cents per mile
The COLA will be applied as outlined in Article 33.
Please note these increases are in addition to the negotiated increases per the 2018 – 2023 National Master UPS Agreement which are effective August 1, 2022:
$1.00 per hour
2.28 cents per mile single rate
2.33 cents per mile double rate
2.38 cents per mile triple rate
Essentially, this means that total hourly wages are scheduled to increase by:
$1.82 per hour
4.33 cents per mile single rate
4.38 cents per mile double rate
4.43 cents per mile triple rate
ABF Teamsters to Receive COLA plus Annual Scheduled Raise
ABF-NMFA Article 33, Sec. 4 – COLA
Based on the Consumer Price Index (CPI-W) figures released February 10th, by the Bureau of Labor Statistics, the Teamster membership covered by the 2018 – 2023 ABF NMFA will be due a cost-of-living allowance per Article 33, Section 4 when the next scheduled hourly and mileage increase takes place on July 1, 2022.
As you know, ABF Teamsters covered by this agreement are eligible for an annual COLA in 2022 that allows a one cent ($0.01) per hour and .25 mils per mile increase for every 0.2-point increase in the index in excess of 3.5% and at least totaling $0.05. Reaching an index level of 276.296 in January 2022, the CPI-W increased 12.065 points above the January 2021 Index plus 3.5%, and that translates to the following COLA increases:
$0.05 per hour
0.125 cents per mile
Please note these increases are in addition to the negotiated increases per the 2018 – 2023 ABF NMFA settlement which are effective July 1, 2022:
$0.50 per hour
1.250 cents per mile
Essentially, this means that hourly wages are scheduled to increase by $0.55 per hour and 1.375 cents per mile on July 1, 2022. The annual ABF COLA increase is contractually capped at $0.05 cents per hour. As previously indicated, however, qualified ABF workers have received a profit-sharing bonus this year in the amount of 3% of their 2021 W-2 earnings.
Please note this is the first wage COLA payable to our ABF freight members since 2006.
Teamsters to Receive Bonus Pool at Yellow Operating Companies
Yellow has indicated that it is paying certain bonuses to various Company officers and/or executives. In the last agreement, TNFINC negotiated a “two for one” provision in the national agreement for executive bonuses. Specifically, for every dollar that gets paid in executive bonuses, qualified represented workers get two dollars put into a pool to split up. This year, the Teamster represented employees’ pool is $9,879,434.00; with about 20,033 individual eligible members, each member will receive $493.16. The checks to members will likely go out within the week. You must have worked 1000 hours or more in 2021 to be eligible for the bonus.
The YRCW Members will be getting a $1.00 pay raise in April of this year (2.500 cents per mile) instead of the scheduled .40¢ (1.00 cents per mile) because the COLA was triggered. To read more about this, CLICK HERE.
YRC raises are in April, ABF raises are in July. We expect there will also be an ABF COLA triggered for the July raise, but we have not received a notification from the IBT as of yet.
Teamsters Local 492 Store
Items below are shown at a 25% discount price for 492 Teamsters. Click On the Picture to zoom in to photos. These items are available to be purchased at the Union hall (no shipping available)
Teamster Jackets (Special Order Only)
Jackets can only be bought as a pre-paid pre-order, which is currently $93. Options include: Size, embroidered Name with or without the Company Name. Call Monique Montoya at 505-344-1925 ex 12 for more details.
June 24, 2022 Organize Today Learn more about organizing your workplace!
IBT UnionActive Newswire Updated: Jun. 24 (16:45)
Week Ending 06/24/2022 Teamsters Local 355 Week Ending 06/24/2022 Teamsters Local 570 Week Ending 06/24/2022 Teamsters Local 992 Keeping Workers Poor Is Bad For Business Teamsters Local 570 Tesla Sued By Former Employees For Violating WARN Act Teamsters Local 570 Keeping Workers Poor Is Bad For Business Teamsters Local 355