Our first COLA adjustment with our new Collective Agreement is -2 cents. This will take effect on December 2, 2024.
Our COLA is currently 5 cents, but it is actually going to go down from 5 cents to 3 cents. It is an 80 cent per week reduction in your pay.
COLA can go up or down depending on our economy.
The COLA is identical across all of the Detroit 3.
The next COLA adjustment will be March 3.