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For Employees Covered by the National Agreement
Posted On: Sep 27, 2017

For Employees Covered by the National Agreement

In August, the first month of the six-month adjustment period for the sixth COLA under the 2015 Agreement, the CPI-W unadjusted Index (1967=100) rose to 713.243.  If the adjustment were made based on the August Index the adjustment would be

                             Per Annum:                   $125.00
                                        Per Pay Period:                   4.80
                                        Cents Per Hour:                     6¢

However, the sixth COLA will be based on the January 2018 Index and effective March 3, 2018, PP 06-2018, with a pay date of March 23, 2018 (if BLS releases the January 2018 Index by February 16, 2018).

Under the 2010 National Agreement, employees accrued the following adjustments totaling $624.00:

$ 0.00     the first COLA which would have been effective September 5, 2015 (pay period 20-2015).

$ 0.00     the second COLA which would have been effective March 5, 2016 (pay period 6-2016).
$ 21.00   the third COLA effective September 3, 2016 (pay period 19-2016, pay date September 23, 2016)
$333.00  the fourth COLA effective March 18, 2017 (pay period 7-2017, pay date April 7, 2017)
$270.00  the fifth COLA effective September 2, 2017 (pay period 19-2017, pay date  September 22, 2017)

In July, the final month of the six-month adjustment period for the fifth COLA under the 2015 Agreement, the CPI-W unadjusted Index (1967=100) was 710.766. The fifth COLA adjustment based on this index will be:

           Per Annum:                   $        270.00
           Per Pay Period:            $           10.40
           Cents Per Hour:                           13¢

The fifth COLA will be based on the July 2017 Index and effective September 2, 2017, PP 19-2017, with a pay date of September 22, 2017. Under the 2015 National Agreement, the first two cost-of-living adjustments were zero.

$ 0.00     the first COLA which would have been effective September 5, 2015 (pay period 20-2015).
$ 0.00     the second COLA which would have been effective March 5, 2016 (pay period 6-2016).
$ 21.00   the third COLA effective September 3, 2016 (pay period 19-2016, pay date September 23, 2016)
$333.00  the fourth COLA effective March 18, 2017 (pay period 7-2017, pay date April 7, 2017)
$270.00  the fifth COLA effective September 2, 2017 (pay period 19-2017, pay date September 22, 2017)

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