COLA for Employees Covered by the HRSSC Agreement

In October, the first month of the six-month adjustment period for the fourth COLA under the 2021 HRSSC Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 872.767; an increase over the September 2022 index point upon which employees received the last COLA.  

If the adjustment was made based on the October 2022 Index, the adjustment would be: 

Monthly Tracking Amount
Per Annum $166.00
Per Pay Period $6.40
Cents Per Hour $0.08

However, the fourth COLA under the 2021 HRSSC Agreement will be based on the March 2023 Index, and would be effective May 06, 2023 (pay period 11-2023, pay date May 26, 2023). 

Under the 2021 HRSSC Agreement, employees accrued the following adjustments totaling $5,096.00: 

# 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