COLA for Employees Covered by the HRSSC Agreement
In February, the fifth month of the six-month adjustment period for the sixth COLA under the 2021 HRSSC Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 906.369, an increase over the September 2023 index level 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 HRSSC Agreement will be based on the March 2024 Index, and would be effective May 04, 2024 (pay period 11-2024, pay date May 24, 2024).
Under the 2021 HRSSC Agreement, employees accrued the following adjustments totaling $6,698:
# | Amount | Effective Date | Pay Period | Pay Date |
---|---|---|---|---|
1 | $1,560.00 | November 06, 2021 | 24-2021 | November 26, 2021 |
2 | $2,184.00 | May 07, 2022 | 11-2022 | May 27, 2022 |
3 | $1,352.00 | November 05, 2022 | 24-2022 | November 25, 2022 |
4 | $645.00 | May 06, 2023 | 11-2023 | May 26, 2023 |
5 | $957.00 | November 04, 2023 | 24-2023 | November 24, 2023 |