COLA For Employees Covered by the National Agreement
In May, the fourth month of the six-month adjustment period for the second COLA under the 2021 Agreement, the CPI-W Unadjusted Index (1967=100) rose to 857.929; an increase over the January 2022 index point upon which employees received the last COLA.
If the adjustment was made based on the May 2022 Index, the adjustment would be:
| Monthly Tracking | Amount |
|---|---|
| Per Annum | $1,810.00 |
| Per Pay Period | $69.60 |
| Cents Per Hour | $0.87 |
However, the second COLA under the 2021 National Agreement will be based on the July 2022 Index, and would be effective August 27, 2022 (pay period 19-2022, pay date September 16, 2022).
Under the 2021 National Agreement, employees accrued the following adjustments totaling $1,310.00:
| # | Amount | Effective Date | Pay Period | Pay Date |
|---|---|---|---|---|
| 1 | $1,310.00 | February 26, 2022 | 06-2022 | March 18, 2022 |