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 |