COLA for Employees Covered by the IT/AS Agreement
In October, the first month of the six-month adjustment period for the fourth COLA under the 2022 IT/AS Agreement, the CPI-W Unadjusted Index (1967=100) fell from last month to 899.779, a decrease from the September 2023 index point upon which employees received the last COLA.
If the adjustment was made based on the October 2023 Index, the adjustment would be:
| Monthly Tracking | Amount |
|---|---|
| Per Annum | $0.00 |
| Per Pay Period | $0.00 |
| Cents Per Hour | $0.00 |
However, the fourth COLA under the 2022 IT/AS Agreement will be based on the March 2024 Index, and would be effective May 04, 2024 (pay period 11-2024, pay date May 24, 2024).
Under the 2022 IT/AS Agreement, employees accrued the following adjustments totaling $2,954.00:
| # | 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 |
Click here for more IT/ASC pay information.