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May 18, 2017

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 January 2018 was 266.2. The Consumer Price Index for April 2018 was 269.3. Therefore, the Cost of Living Allowance generated would be 24 cents.

As a result, effective June 1, 2018 (paid July 1, 2018 for salaried), the total C.O.L.A. payable will be $.24 per hour.