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.
