Here are the C.O.L.A numbers from Aug 2020 to current {Feb 2022}. Retro pay for C.O.L.A will now be paid out on the April 14/2022 pay. The previous information supplied to the Union by the Company of $1.33 was incorrect. The current C.O.L.A rate you should see on your paystub already is $.99.
The CPI figure for October was released on November 18, 2020
July 2020 141.4
October 2020 141.6
Difference .2
Divide difference by .063 = $0.03
Effective November 22, 2020, COLA will be $.03 per straight-time hour worked, as it was previously $ 0.00.
The CPI figure for January was released on February 19, 2021
October 2020 141.6
January 2021 141.9
Difference .3
Divide difference by .063 = $0.04
Effective February 28, 2021, COLA will be $.07 per straight-time hour worked, as it was previously $ 0.03.
The CPI figure for April was released on May 19, 2021
January 2021 141.9
April 2021 143.9
Difference 2.0
Divide difference by .063 = $0.31
Effective May 23, 2021, COLA will be $.38 per straight-time hour worked, as it was previously $ 0.07
The CPI figure for July was released on August 19, 2021
April 2021 143.9
July 2021 144.7
Difference .8
Divide difference by .063 = $0.12
Effective August 29, 2021, COLA will be $.50 per straight-time hour worked, as it was previously $ 0.38.
The CPI figure for October was released on November 17, 2021
August 2021 144.7
October 2021 146.1
Difference 1.4
Divide difference by .063 = $0.22
Effective November 21, 2021, COLA will be $.72 per straight-time hour worked, as it was previously $ 0.50.
The CPI figure for January was released on February 16, 2022
August 2021 146.1
January 2022 147.8
Difference 1.7
Divide difference by .063 = $0.27
Effective February 27, 2022, COLA will be $.99 per straight-time hour worked, as it was previously $ 0.72.