COLA Update

February 10, 2010

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In January, the Consumer Price Index (CPI-W) rose to 633.176, well below the July 2008 index of 644.303 upon which the last COLA increase was based. The CPI-W must rise above 644.303 before another COLA would be due. After the final month of the six-month measuring period, the seventh COLA under the 2006 National Agreement and the Operating Services Agreement which would have been effective March 13, 2010 (pay period 07-10, pay date April 2, 2010), will be zero.

The next COLA will be based on the July 2010 Consumer Price Index-W.

 

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