COLA For Employees Covered by the National Agreement

In December, the fifth month of the six-month adjustment period for the fifth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) increased from last month to 756.828; an increase over the July 2020 Index point upon which employees received the last COLA.

If the adjustment were made based on December 2020 Index, the adjustment would be:

Monthly Tracking

Amount

Per Annum

$229.00

Per Pay Period

$8.80

Cents Per Hour

$0.11

However, the fifth COLA under the 2018 National Agreement will be based on the January 2021 Index and would be effective February 27, 2021 (pay period 06-2020, pay date March 19, 2021).

Under the 2018 National Agreement, employees accrued the following adjustments totaling $998.00:

#

Amount

Effective Date

Pay Period

Pay Date

1

$0.00

March 2, 2019

06-2019

March 22, 2019

2

$624.00

August 31, 2019

19-2019

September 20, 2019

3

$166.00

February 29, 2020

06-2020

March 20, 2020

4

$208.00

August 29, 2020

19-2020

September 18, 2020