APWU: Seventh COLA, effective March 7, 2015, likely to be $0.00

For Employees Covered by the National Agreement

In December 2014 the CPI-W unadjusted Index (1967=100) fell for the third month in a row (and four out of the last five months) to 684.828 driven largely by falling oil prices. Until the Index rises above 698.58, no COLA will be due.

zero_dollarThe seventh COLA adjustment under the 2010 National Agreement will be based on the January 2015 CPI Index point and will be effective March 7, 2015, (pay period 07-2015, pay date March 27, 2015). However, if the adjustment was made based on the December 2014 Index – the fifth month of the six-month adjustment period – the adjustment would be zero.

Per Annum: $0.00
Per Pay Period: $0.00
Cents Per Hour: 0¢

Under the 2010 National Agreement, employees have accrued the following adjustments totaling $1,830.00:

$207.00 effective March 9, 2013 (pay period 07-2013, pay date March 29, 2013) which includes the first and third COLAs.

$937.00 effective September 7, 2013 (pay period 20-2013, pay date September 27, 2013) which includes the second and fourth COLAs.

$0.00 the fifth COLA which would have been effective March 8, 2014 was zero.

$686.00 effective September 6, 2014 (pay period 20-2014, pay date September 26, 2014) was the sixth COLA.

via Pay | APWU.

Leave a Reply

Your email address will not be published. Required fields are marked *