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