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 |