{"id":6456,"date":"2010-12-02T00:00:00","date_gmt":"2010-12-02T00:00:00","guid":{"rendered":"http:\/\/utu.org\/2010\/12\/02\/cola-for-national-rail-contract-2011-wages-6\/"},"modified":"2010-12-02T00:00:00","modified_gmt":"2010-12-02T00:00:00","slug":"cola-for-national-rail-contract-2011-wages-6","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/cola-for-national-rail-contract-2011-wages-6\/","title":{"rendered":"COLA for national rail contract 2011 wages","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
A cost-of-living adjustment will be made Jan. 1 to UTU-member wages governed by the national rail contract.<\/p>\n
The amount of the COLA, based on a formula contained in the national rail contract, is three cents per hour.<\/p>\n
The COLA reflects a low rate of consumer inflation. By contrast, Railroad Retirement and Social Security benefits will be frozen at the 2010 level in 2011 owing to the low-rate of consumer inflation as calculated by the U.S. Labor Department\u2019s Bureau of Labor Statistics.<\/p>\n
The national rail contract also provides that health care insurance cost sharing will increase slightly in 2011. Effective Jan. 1, the employee contribution will be $202.90 monthly for operating craft employees, and $202.71 for yardmasters. The difference is due to the straight-time equivalent-hours component in the national rail contract formula that determines health care insurance cost sharing.<\/p>\n
To view the 2008 national rail agreement, click on the following link:<\/p>\n