COLA For Employees Covered by the National Agreement
In July, the final month of the six-month adjustment period for the fourth COLA under the 2021 Agreement, the CPI-W Unadjusted Index (1967=100) rose to 893.309, an increase over the January 2023 index point upon which employees received the last COLA.
As a result of the rise in index level, the following COLA adjustment will be applied to each step of the basic annual salary for all full-time employees covered under the 2021-2024 Collective Bargaining Agreement effective August 26, 2023 (pay period 19-2023, pay date September 15, 2023). All part time career employees will have their hourly rates adjusted accordingly. Based on the July 2023 Index, the adjustment will be:
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