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.