COLA Formula Generates 3 Cent Increase Effective March 10, 2017
Updated On: Mar 02, 2017
Effective March 10, 2017, a 3 cent cost-of-living adjustment (COLA) will be added to the hourly wage rate for IAM members working at Boeing. The 3 cents was generated for the quarter November 2016, December 2016 and January 2017 based on the federal government’s Consumer Price Index. This brings the total accumulated COLA since the September 2016 roll-in to 6 cents.