Originally Posted by
flyguyniner11
COLA is a Cost of Living Adjustment....its a precantage pay increase for people who are with the company longer than there are payrates for.... I think this TA goes to 18 yrs service so if your 20 yrs you would have a percantage increase every year.
actually everybody gets one. it is the raise that everybody gets on dec 1 (assuming this TA passes). What people want to see though is COLA continued after the 5 year duration of the contract so that if negotiations for the next contract are drug out another 5 years you will at least be getting a raise every year. Penalize the company for dragging their feet...