The CPI figure for January 2016 was released on February 19, 2016. As per the Collective Agreement the following calculation will apply.
January 2016 131.0
October 2015 131.7
Difference -0.7
(Divide by .063 per each 1 cent) = -$0.11
Effective with the first pay period after the release, COLA will be $0.31 per straight time hour worked as it was previously $0.42.
The Union is checking these calculations as sometimes they have been incorrect in the past.