COLA For Employees Covered by the National Agreement

In December, the fifth month of the six-month adjustment period for the first COLA under the Tentative 2021 Agreement, 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  $936.00
Per Pay Period  $36.00
Cents Per Hour  $0.45

However, the first COLA under the 2021 National Agreement will be based on the January 2021 Index and would be effective February 26, 2022 (pay period 06-2022, pay date March 18, 2022).   

Under the 2018 National Agreement, employees accrued the following adjustments totaling $3,349.00:

 

# 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
5 $416.00 February 27, 2021 06-2021 March 19, 2021
6 $1, 935.00 August 28, 2021 19-2021 September 17, 2021