COLA

 

The CPI figure for January was released on February 23, 2018.  As per the Collective Agreement the following calculation will apply.

 

January 2018                                     136.4

October 2017                                     135.4

 

Difference                                           1.00

(Divide difference by .063)  =           $0.15

 

Effective with the first pay period after the release, COLA will be $0.56 per straight time hour worked as it was previously $0.41.

 

C.O.L.A

Effective the first pay period after the release C.O.L.A will be $0.58 per straight time hours worked. We have been informed that rates to reflect the roll in have now been updated and retro pay from Aug 1st to Aug 20th will be paid on the Sept 9th pay.

 

C.O.L.A

The CPI figure for July 2016 was released on August 19, 2016. As per the Collective Agreement the following calculation will apply.

July 2016 132.8

April 2016 132.3

Difference 0.50 (Divide by .063 per each 1 cent) = $0.07

Effective with the first pay period after the release, COLA will be $0.58 per straight time hour worked as it was previously $0.51

C.O.L.A Fourth Quarter 2015

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.

COLA 1st Quarter 2015

From the Company:

The CPI figure for April 2015 was released on May 22, 2015. As per the Collective Agreement the following calculation will apply.

April 2015 130.5
January 2015 128.2
Difference 2.3
(Divide by .063 per each 1 cent) = $0.36
Effective with the first pay period after the release, COLA will be $0.24 per straight time hour worked as it was previously -$0.12.

COLA Adjustment

The July 2014 CPI release date from the federal government used to calculate the COLA will be on August 22nd. The accumulated COLA amount after the adjustment of July 2014 compared to April 2014 will then be rolled into the Standard Hourly Scale as part of the base rate for wages as per the Letter Of Understanding Section 3 in the current CBA. The new rate will be reflected on the Sept 12th pay day with retro pay for the adjustment to be paid on the Sept 26th pay.

In Solidarity!

Profit Sharing/C.O.L.A Announcement

Evraz has released the 2012 4th quarter Profit Sharing amount this morning at $1.06 per eligible hour. Direct deposit to bank accounts will happen March 1st, 2013.

C.O.L.A numbers have also been released and adjusted to $0.54 per straight time hour worked. A decrease from $0.75.

As always this Local strives to keep the membership informed promptly and will continue to post the most current information we receive.

Solidarity Forever!

 

COLA Adjustment

The CPI figure for October 2012 was released on November 23, 2012. As per the Collective Agreement the following calculation will apply.

October 2012 124.8

July 2012 123.9

Difference 0.9

(Divide by .063 per each 1 cent) = $0.14

Effective with the first pay period after the release, COLA will increase to $0.75 per straight time hour worked from $0.61.