COLA For Employees Covered by the National Agreement

COLA for Employees Covered by the National Agreement 

 

In April, the third month of the six-month adjustment period for the second COLA under the 2021 Agreement, the CPI-W Unadjusted Index (1967=100) rose to 847.663; an increase over the January 2022 index point upon which employees received the last COLA.

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

 

Monthly Tracking 

Amount 

Per Annum 

$1,290.00 

Per Pay Period 

$49.60 

Cents Per Hour 

$0.62 

 

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 

$1,310.00 

February 26, 2022 

06-2022 

March 18, 2022