Common use of COLA Clause in Contracts

COLA. Effective January 1, 2025, WSNA-represented positions shall receive a cost-of-living adjustment (COLA) applied to 2024 base wages derived from the formula below. A. COLA will be 95 percent of the average growth rate of the six prior bi- monthly year-over-year percentages in the Seattle-Tacoma-Bellevue Consumer Price Index for Urban Wage Earners and Clerical Workers (All Items, base period 1982- 84=100) (CPI-W) through June of the year prior to the year in which the COLA will be applied. For example, the wage adjustment for January 1, 2025, shall be calculated as the average of the year-over-year percentages from the August 2023, October 2023, December 2023, February 2024, April 2024, and June 2024 values of the CPI-W. B. A year-over-year change means the percentage change in the CPI-W for that measurement compared to the CPI-W for the same month the prior year. For example, the June 2024 year-over-year change is the percentage change in the June 2024 CPI-W compared to the June 2023 CPI-W. C. Regardless of the result calculated using this formula, the annual COLA shall not be more than 4% and shall not be less than 2%.

COLA. Effective January 1, 2025, WSNA-Coalition represented positions shall receive a cost-of-living adjustment (COLA) applied to 2024 base wages derived from the formula below. A. COLA will be 95 percent of the average growth rate of the six prior bi- monthly year-over-year percentages in the Seattle-Tacoma-Bellevue Consumer Price Index for Urban Wage Earners and Clerical Workers (All Items, base period 1982- 84=100) (CPI-W) through June of the year prior to the year in which the COLA will be applied. For example, the wage adjustment for January 1, 2025, shall be calculated as the average of the year-over-year percentages from the August 2023, October 2023, December 2023, February 2024, April 2024, and June 2024 values of the CPI-W. B. A year-over-year change means the percentage change in the CPI-W for that measurement compared to the CPI-W for the same month the prior year. For example, the June 2024 year-over-year change is the percentage change in the June 2024 CPI-W compared to the June 2023 CPI-W. C. Regardless of the result calculated using this formula, the annual COLA shall not be more than 4% and shall not be less than 2%.

COLA. Effective January 1, 2025, WSNA-Coalition represented positions shall receive a cost-of-living adjustment (COLA) applied to 2024 base wages derived from the formula below. The known COLA for 2025 will be 4%. A. COLA will be 95 percent of the average growth rate of the six prior bi- monthly year-over-year percentages in the Seattle-Tacoma-Bellevue Consumer Price Index for Urban Wage Earners and Clerical Workers (All Items, base period 1982- 84=100) (CPI-W) through June of the year prior to the year in which the COLA will be applied. For example, the wage adjustment for January 1, 2025, shall be calculated as the average of the year-over-year percentages from the August 2023, October 2023, December 2023, February 2024, April 2024, and June 2024 values of the CPI-W. B. A year-over-year change means the percentage change in the CPI-W for that measurement compared to the CPI-W for the same month the prior year. For example, the June 2024 year-over-year change is the percentage change in the June 2024 CPI-W compared to the June 2023 CPI-W. C. Regardless of the result calculated using this formula, the annual COLA shall not be more than 4% and shall not be less than 2%.