COLA for Employees Covered by the HRSSC Agreement

In July, the fourth month of the six-month adjustment period for the third COLA under the 2021 HRSSC Agreement, the CPI-W Unadjusted Index (1967=100) declined from last month to 870.432; but still an increase over the March 2022 index point upon which employees received the last COLA.  

If the adjustment was made based on the July 2022 Index, the adjustment would be: 

Monthly Tracking Amount
Per Annum $1,394.00
Per Pay Period $53.60
Cents Per Hour $0.67

 

However, the third COLA under the 2021 HRSSC Agreement will be based on the September 2022 Index and would be effective November 05, 2022 (pay period 24-2022, pay date November 25, 2022). 

Under the 2021 HRSSC Agreement, employees accrued the following adjustments totaling $3,744.00: 

# 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