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.