COLA Updates

February 17, 2021

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 2020 was 137.5. The Consumer Price Index for January 2021 was 138.2. Therefore, the Cost of Living Allowance generated would be an increase of 11 cents.

 As a result, effective March 1, 2021 (paid April 1, 2021 for salaried), the total C.O.L.A. payable will be $0.40 per hour.

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 July 2020 was 137.2. The Consumer Price Index for October 2020 was 137.5. Therefore, the Cost of Living Allowance generated would be an increase of 5 cents.

As a result, effective December 1, 2020 (paid January 1, 2021 for salaried), the total C.O.L.A. payable will be $0.29 per hour.

 

February 21, 2020

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 2019 was 136.6. The Consumer Price Index for January 2020 was 136.8. Therefore, the Cost of Living Allowance generated would be an increase of 3 cents.

As a result, effective March 1, 2020 (paid April 1, 2020 for salaried), the total C.O.L.A. payable will be $.13 per hour.