In June, the fifth month of the six-month adjustment period for the sixth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 793.560; an increase over the January 2021 index point upon which employees received the last COLA.
If the adjustment was made based on the June 2021 Index, the adjustment would be:
Monthly Tracking
Amount
Per Annum
$1,706.00
Per Pay Period
$65.60
Cents Per Hour
$0.82
However, the sixth COLA under the 2018 National Agreement will be based on the July 2021 Index and would be effective August 28, 2021 (pay period 19-2021, pay date September 17, 2021).
Under the 2018 National Agreement, employees accrued the following adjustments totaling $1,414.00:
#
Amount
Effective Date
Pay Period
Pay Date
1
$0.00
March 2, 2019
06-2019
March 22, 2019
2
$624.00
August 31, 2019
19-2019
September 20, 2019
3
$166.00
February 29, 2020
06-2020
March 20, 2020
4
$208.00
August 29, 2020
19-2020
September 18, 2020
5
$416.00
February 27, 2021
06-2021
March 19, 2021
Source: APWU