COLA/WAGES/RETRO UPDATE

COLA- will be added as of March 13/2022 and Retro for COLA will be paid out on May 27/22. The current COLA rate is $1.33

WAGES- the new wages will be added on May 8/22 and the Retro on wages will be paid May 27/22

Retiree Bonus- Will be paid out May 1/22, any pension adjustments will be made May 1/22 also.

Profit Sharing- There has been many questions on when we will receive the 4th quarter 2021 profit sharing and First quarter for 2022. That should be at the end of April beginning of May.

We were definitely hoping for the changes sooner but this is the company’s position.