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Thursday, August 14, 2008
Next NALC COLA
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.5 percent in July, prior to seasonal adjustment. The July level of 216.304 (1982-84=100) was 6.2 percent higher than in July 2007. This equates to $1,498 annually. The COLA will be effective the pay period beginning August 30 and received in checks on September 19. The new COLA is equivalent to 72 cents per hour ($57.60 per pay period).
Latest CPI-W Release from the BLS
CPI Reference: www.bls.gov
The new COLA is equivalent to 72 cents per hour, or $57.60 per pay period.