COLA Updates

COLA Release May 19, 2021

COLA Release February 17, 2021

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.

C.O.L.A Update November 18, 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 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.

 

C.O.L.A Update August 19, 2020

C.O.L.A Update May 21, 2020

 

 

C.O.L.A Update

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.

COLA Release - August 21, 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 April 2019 was 274.8. The Consumer Price Index for July 2019 was 276.8. Therefore, the Cost of Living Allowance generated would be an increase of 16 cents.

As a result, effective September 1, 2019 (paid October 1, 2019 for salaried), the total C.O.L.A. payable will be $.16 per hour.