Teamsters Local 492
Teamsters Local 492
 

×
Register an Account
Forgot Login?
ABF Teamsters Receive COLA plus Annual Raise
May 26, 2022

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.


Download:


Paused
<< February 2024 >>
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29
TEAMSTERS VIP+ VOLUNTARY INCOME PROTECTION PLUS PLAN

We are pleased to announce a new Teamster Privilege voluntary benefit for Teamster members that provides additional financial protection if they can't work due to illness, injury or loss of DOT certification because of a medical condition.

TForce Freight – Article 44 Rail & Subcontracting Update

TForce Freight – Article 44 Rail & Subcontracting Update The IBT has reviewed the monthly filing by TForce Freight to TNFINC and pursuant to the requirements of the 2023-2028 National Master TForce Freight Agreement’s Article 44. TForce Freight’s for the month of January 2024 was 43.44%, which is under the 45.8% limit as of January 31, 2024.

Webinar For UPS Teamsters March 3

Sunday, March 3, webinar with important updates on the state of our new UPS Teamsters contract, including the ongoing Contract Enforcement Campaign

Teamsters Scholarships Available

Teamsters Scholarships Available Click this article to read about the Teamsters Scholarships.

Correction: Notice of 492 Contact Info

Correction: Notice of 492 Contact Info 1/26/2024- Recently, an email was sent out with incorrect information regarding contact info for our 492 bookkeeper who handles Dues, Life with Dues, and Pension appointments, Monique Montoya. Her correct 492 office phone number is 505-344-1925 Ex. 12.

WCTPT Summary Plan Booklet 2023 Now Available

The Updated Western Conference of Teamsters Pension Trust Summary Plan Booklet 2023 is Now Available in PDF Form. Also, building on the strong investment results of 2023, the Trustees of the Western Conference of Teamsters Pension Trust have approved major benefit improvements.
Download: WCTPT_Summary_Plan_Booklet_2023.pdf

Teamsters UPS Contract Enforcement Training

Teamsters UPS Contract Enforcement Training 1/10/2024 - Teamsters Local 492 will be conducting training for UPS Teamster Contract enforcement, available for any Local 492 Member to attend. This course will teach our members how to strengthen our union from within.

2024 General Membership Meeting Schedule

There is a General Membership Meeting scheduled for Saturday, January 6th, 2024 at 9:30 am, which will be held in the Teamsters Union Hall (downstairs) at 4269 Balloon Park Rd. NE, Albuquerque, NM 87109. Your Business Agents and Teamsters Local 492 Executive Board will be present to answer any questions you may have. We look forward to seeing you there.
Download: 2024_Membership_Meeting_Schedule.pdf


-
Teamsters Local 492
4269 Balloon Park Road NE
Albuquerque, New Mexico 87109
  505-344-1925

Top of Page image
Powered By UnionActive - Copyright © 2024. All Rights Reserved.