COLA for Employees Covered by the IT/AS Agreement

In June, the third month of the six-month adjustment period for the fifth COLA under the 2022 IT/AS Agreement, the CPI-W Unadjusted Index (1967=100) fell from last month to 917.600, but still an increase over the March 2024 index level upon which employees received the last COLA.

If the adjustment was made based on the June 2024 Index, the adjustment would be:

Monthly Tracking Amount
Per Annum $250.00
Per Pay Period $9.60
Cents Per Hour $0.12

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.