C.O.L.A Release

February 27, 2019

 COLA RELEASE

A cost of living allowance is paid on the basis of 1 (one) cent per hour for each .125 increase in the Consumer Price Index (1981 = 100).

The Consumer Price Index for October 2018 was 270.9. The Consumer Price Index for January 2019 was 269.9. Therefore, the Cost of Living Allowance generated would be a reduction of 8 cents.

 As a result, effective March 1, 2019 (paid April 1, 2019 for salaried), the total C.O.L.A. payable will be $.29 per hour.