In January, the final month of the six-month adjustment period for the fifth COLA under the 2018 Agreement, the CPI-W Unadjusted Index (1967=100) rose from last month to 760.447; an increase over the July 2020 Index point upon which employees received the last COLA.

As a result of the rise in index level, the following COLA adjustment will be applied to each step of the basic annual salary for all employees covered under the 2018-2021 Collective Bargaining Agreement effective February 27, 2021 (pay period 06-2021, pay date March 19, 2021).

The fifth COLA under the 2018 National Agreement will be $416.00:

Monthly Tracking	Amount
Per Annum	$416.00
Per Pay Period	$16.00
Cents Per Hour	$0.20

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