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Sep 03, 2018
Seventh COLA 2018
Posted On: Mar 19, 2018

For Employees Covered by the National Agreement

In February, the first month of the six-month adjustment period for the seventh COLA under the 2015 Agreement, the CPI-W Unadjusted Index (1967=100) rose to 723.788. 

If the adjustment were made based on the February 2018 Index the adjustment would be:

                                       Per Annum:                  $        166.00
                                       Per Pay Period:            $            6.40
                                       Cents Per Hour:                             8¢

However, the seventh COLA will be based on the July 2018 Index and would be effective September 1, 2018, PP 19-2018, with a pay date of September 21, 2018.   

Under the 2015 National Agreement, employees accrued the following adjustments totaling $1144.00:

$ 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 Sept. 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)
$520.00  the sixth COLA effective March 3, 2018 (pay period 06-2018, pay date March 23, 2018)

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