Our COLA increase has triggered in the amount of $0.54 per hour for all employees.
August 2021 Base Month | 268.387 |
COLA Trigger (104% of Base Month) | 279.122 |
COLA Cap (106% of Base Month) | 284.490 |
Last Report Month - May 2022 | 288.022 |
Point between COLA Trigger and COLA Cap (eligible) | 5.368 |
Point over COLA CAP (not eligible) | 3.532 |
One cent for each full one-tenth of points between COLA Trigger and COLA Cap (0.1 x Difference) | $0.54* |