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

For Employees Covered by the National Agreement

In February, the first month of the six-month adjustment period for the fifth COLA under the 2015 Agreement, the CPI-W unadjusted Index (1967=100) rose to 707.371.

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

Per Annum: $83.00
Per Pay Period: $3.20
Cents Per Hour: 4¢

However, the fifth COLA will be based on the July 2017 Index (to be released by BLS on August 11, 2017) 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)

For Employees Covered by the National Agreement

In January, the sixth month of the six-month adjustment period for the fourth COLA under the 2015 Agreement, the CPI-W unadjusted Index (1967=100) rose to 705.517.  The fourth COLA will be       
Per Annum: $333.00  
Per Pay Period: $12.80
Cents Per Hour: 16¢
effective March 4, 2017, PP 06-2017, with a pay date of March 24, 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)

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