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 |