COLA for Employees Covered by the IT/AS Agreement
In April, the first month of the six-month adjustment period for the fifth COLA under the 2022 IT/AS Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 916.874, an increase over the March 2024 index level upon which employees received the last COLA.
If the adjustment was made based on the April 2024 Index, the adjustment would be:
| Monthly Tracking | Amount |
|---|---|
| Per Annum | $208.00 |
| Per Pay Period | $8.00 |
| Cents Per Hour | $0.10 |
However, the fifth COLA under the 2022 IT/AS Agreement will be based on the September 2024 Index, and would be effective November 02, 2024 (pay period 24-2024, pay date November 22, 2024).
Under the 2022 IT/AS Agreement, employees accrued the following adjustments totaling $3,598.00:
| # | Amount | Effective Date | Pay Period | Pay Date |
|---|---|---|---|---|
| 1 | $1,331.00 | November 5, 2022 | 24-2022 | November 25, 2022 |
| 2 | $645.00 | May 06, 2023 | 11-2023 | May 26, 2023 |
| 3 | $978.00 | November 4, 2023 | 24-2023 | November 24, 2023 |
| 4 | $644.00 | May 04, 2024 | 11-2024 | May 24, 2024 |
Click here for more IT/ASC pay information.