COLA for Employees Covered by the HRSSC Agreement
In April, the first month of the six-month adjustment period for the seventh COLA under the 2021 HRSSC 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 | $187.00 |
Per Pay Period | $7.20 |
Cents Per Hour | $0.09 |
However, the seventh COLA under the 2021 HRSSC 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 2021 HRSSC Agreement, employees accrued the following adjustments totaling $7,363:
# | Amount | Effective Date | Pay Period | Pay Date |
---|---|---|---|---|
1 | $1,560.00 | November 06, 2021 | 24-2021 | November 26, 2021 |
2 | $2,184.00 | May 07, 2022 | 11-2022 | May 27, 2022 |
3 | $1,352.00 | November 05, 2022 | 24-2022 | November 25, 2022 |
4 | $645.00 | May 06, 2023 | 11-2023 | May 26, 2023 |
5 | $957.00 | November 04, 2023 | 24-2023 | November 24, 2023 |
6 | $665.00 | May 04, 2024 | 11-2024 | May 24, 2024 |