The CPI figure for July 2024 was released on August 20, 2024. Per the Collective
Agreement, the following calculation will apply:
April 2024 162.0
July 2024 163.6
Difference 1.6
Divide difference by .063 = $0.25
Effective July 31, 2024, the COLA adjustment of $3.49 per hour was rolled into the base
hourly rate. The COLA adjustment of $0.25 was added to the previous rate of $3.24.
Retro is to be paid out on this weeks pay, Aug 30/24