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.