COLA For Employees Covered by the National Agreement

In September, the second month of the six-month adjustment period for the fifth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 756.600 an increase over the July 2020 Index point upon which employees received the last COLA.

 

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

Monthly Tracking Amount
Per Annum $208.00
Per Pay Period $8.00
Cents Per Hour $0.10

However, the fifth COLA under the 2018 National Agreement will be based on the January 2021 Index. Currently, the BLS has not announced the 2021 CPI release dates so the effective dates have not yet been determined.

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