COLA Delivers 11¢ Effective June 14 for IAM Members at Boeing
Posted On: May 29, 2019
Quarterly cost-of-living adjustment (COLA) formula from the IAM-Boeing contract resulted in a positive 15 cents. However, since accumulated COLA was negative 4 cents, the result is an 11 cent COLA will be added to member’s base rate at Boeing effective June 14, 2019.
The COLA is based on the quarter February, March and April 2019. COLA is generated quarterly under the IAM-Boeing contract and is based on the federal government’s Consumer Price Index.