Here is the Latest Update from CWA District 2

July 22, 2010

This is an update regarding the non-surplus volunteers.  There were 293 non-surplus volunteers from 28 different director groups.  As of today these Directors have agreed to release all of the non-surplus volunteers.  They will be released on one of two dates.  The dates are August 8, 2010 and November 21, 2010.  A letter will be mailed to the volunteers on July 23, 2010 advising them of their acceptance.

 

Additional information:

The General Wage Increase (GWI) of 3.75% will be effective August 1, 2010 and will be reflected in the August 13, 2010 paychecks for Mid-Atlantic Associates. 

The Bureau of Labor Statistics recently announced the National Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).  (This is the number our Cost of Living Adjustment (COLA) is based on.)  The May 2009 CPI-W was 208.77 while the May 2010 CPI-W was 214.22.  This resulted in a difference of 2.56% which fell below the 3.75% in the CPI-W as outlined in the 2008 Memorandum of Understanding.  Therefore, eligible associates covered by the East Collective Bargaining Agreements (New York, New England & Mid-Atlantic) will not receive a COLA in 2010.

 

If you are reading this and you are retirement eligible, here are the Lump Sum Pension Cash Out Rates for both the first and third quarters of this year.  Remember that in this one time agreement the lump sum calculation is figured using both the rate in effect at the time of your notification to the company you wish to collect your pension, and the rate in effect on March 10, 2010.

1st Quarter Rates

3rd Quarter Rates

 

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