Overview

In December, the third month of the six-month adjustment period for the fourth COLA under the Tentative Agreement to extend the IT/AS Agreement for twenty-two months, now subject to member ratification, the CPI-W Unadjusted Index (1967=100) rose to 815.937; following a recent pattern of substantial CPI-W increases.

If the adjustment was made based on the December 2021 Index, the adjustment would be:
 

Monthly Tracking Amount
Per Annum  $749.00
Per Pay Period  $28.80
Cents Per Hour  $0.36

However, the fourth COLA under the extended IT/AS Agreement, assuming membership ratification, will be based on the March 2022 Index and would be effective May 7, 2022 (pay period 11-2022, pay date May 27, 2022).

Assuming member ratification of a twenty-two-month extension, the following adjustments totaling $2,725.00, will be retroactive:

# Amount Effective Date Pay Period Pay Date
1  $395.00 November 7, 2020  24-2020  November 27, 2020
2  $770.00 May 8, 2021  11-2021  May 28, 2021
3  $1,560.00  November 6, 2021  24-2021

 November 26, 2021

Under the 2017 IT /AS Agreement, employees accrued the following adjustment totaling $2,454.00:

# Amount Effective Date Pay Period Pay Date
1 $333.00 April 29, 2017 10-2017 May 19, 2017
2 $499.00 October 28, 2017 23-2017 November 17, 2017
3 $395.00 April 28, 2018 10-2018 May 18, 2018
4 $479.00 October 27, 2018 23-2018 November 16, 2018
5 $187.00 April 27, 2019  10-2019 May 17, 2019
6 $374.00 October 26, 2019 23-2019 November 15, 2019
7 $187.00 April 25, 2020 10-2020 May 15, 2020

 

Click here for more IT/ASC pay information.