COLA For Employees Covered by the National Agreement

In May, the fourth month of the six-month adjustment period for the fourth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) rose slightly to 743.247.

If the adjustment were made based on May 2020 Index the adjustment would be:

However, the fourth COLA under the 2018 National Agreement will be based on July 2020 Index and would be effective August 29, 2020 (pay period 19-2020, pay date September 18, 2020).

Under the 2018 National Agreement, employees accrued the following adjustments totaling $790.00:

In April, the third month of the six-month adjustment period for the fourth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) decreased to 743.230.

If the adjustment were made based on April 2020 Index the adjustment would be:

However, the fourth COLA under the 2018 National Agreement will be based on July 2020 Index and would be effective August 29, 2020 (pay period 19-2020, pay date September 18, 2020). We expect the Index to fall for the next few months recovering a bit by July. The actual adjustment will likely be close to the current estimate; but could be zero.

Under the 2018 National Agreement, employees accrued the following adjustments totaling $790.00: