The CPI figure for January was released on February 20, 2024. Per the Collective Agreement, the following calculation will apply:
Oct 2023 160.6
Jan 2024 159.7
Difference (0.9)
Divide difference by .063 = ($0.14)
Effective February 25, 2024, COLA will be $2.88 per straight-time hour worked, as it was previously $3.02