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 |
$1,310.00 |
February 26, 2022 |
06-2022 |
March 18, 2022 |