For Employees Covered by the National Agreement:
(06/17/14) In May 2014, the Consumer Price Index (CPI-W) rose to 697.657. This index is above the point of the last adjustment: 695.356. The sixth COLA adjustment under the 2010 National Agreement will be based on the July 2014 CPI Index point and will be effective September 6, 2014, (pay period 20-2014, pay date September 26, 2014). However, if the adjustment were made based on the May 2014 Index – the fourth month of the six-month adjustment period – the adjustment would be:
Per Annum: $624.00
Per Pay Period: $24.00
Cents Per Hour: 30¢
The first and third COLAs were effective March 9, 2013 (pay period 07-2013, pay date March 29, 2013) and totaled $207.00 per year, $7.96 per pay, and $0.10 per hour.
The second and fourth COLAs under the 2010 National Agreement were effective Sept. 7, 2013 (pay period 20-2013, pay date Sept. 27, 2013) and totaled $937.00 per year, $36.04 per pay period, and $0.45 per hour.
The fifth COLA which would have been effective March 8, 2014 was zero.
Seven COLA adjustments are provided for under the 2010-2015 Collective Bargaining Agreement based on the Jan. 2012, July 2012, Jan. 2013, July 2013, Jan. 2014, July 2014, and Jan. 2015 releases of the CPI-W. So far, under the 2010 National Agreement, employees have received cost-of-living adjustments totaling $1,144.00.
For CSRS retirees:
(06/17/14) The 2015 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index in 2014 over the 2013 third quarter average. After the first quarter of 2014, the first quarter of the 2015 COLA adjustment period, the quarterly index has risen by 0.4%.
For FERS retirees:
(06/17/14) The 2015 FERS retiree COLA is based on the increase in the third quarter average of the CPI-W index in 2014 over the 2013 third quarter average. However, if the CPI-W quarterly average increases three percent or more, the COLA is the increase less one percent. If the quarterly average increase is between two percent and three percent, the COLA is two percent. If the quarterly average increase is two percent or less, the COLA is equal to the quarterly average increase. After the first quarter of 2014, the first quarter of the 2015 COLA adjustment period, the quarterly index has risen by 0.4%.
For Social Security recipients:
(06/17/14) The 2015 Social Security COLA is based on the third quarter (July, August, September) average CPI-W index in 2014 over the 2013 third quarter average. After the After the first quarter of 2014, the second quarter of the 2015 COLA adjustment period, the quarterly index has risen by 0.4%.
For FECA employees:
(06/17/14) The percentage increase in the December CPI-W index from year to year determines the FECA COLA increase. The 2014 FECA COLA will be 1.5% effective March 2014. After the fifth month of the twelve-month adjustment period for the 2015 FECA COLA, the CPI-W index has risen 2.200%.
via Pay | APWU.