COLA For Employees Covered by the National Agreement
In February, the first month of the six-month adjustment period for the sixth COLA under the 2021 Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 906.369, an increase over the January 2024 index point upon which employees received the last COLA.
If the adjustment was made based on the February 2024 Index, the adjustment would be:
Monthly Tracking | Amount |
---|---|
Per Annum | $312.00 |
Per Pay Period | $12.00 |
Cents Per Hour | $0.15 |
However, the sixth COLA under the 2021 National Agreement will be based on the July 2024 Index, and would be effective September 07, 2024 (pay period 20-2024, pay date September 27, 2024).
Under the 2021 National Agreement, employees accrued the following adjustments totaling $5,325.00:
# | Amount | Effective Date | Pay Period | Pay Date |
---|---|---|---|---|
1 | $1,310.00 | February 26, 2022 | 06-2022 | March 18, 2022 |
2 | $2,455.00 | August 27, 2022 | 19-2022 | September 16, 2022 |
3 | $208.00 | March 11, 2023 | 07-2023 | March 31, 2023 |
4 | $998.00 | August 26, 2023 | 19-2023 | September 15, 2023 |
5 | $354.00 | March 9, 2024 | 07-2024 | March 29, 2024 |