IAM members working at Boeing on the active payroll on December 13, 2019 will receive a 2-cent cost-of-living adjustment (COLA) based on the months of August, September and October 2019.

COLA is generated quarterly under the IAM-Boeing contract and is based on the federal government’s Consumer Price Index. The value of the quarterly COLA, even when it is only a few pennies, has a significant impact on our maximum rate over time. As of Dec. 2019, $16.54 of the maximum rate is the result of COLA payments.