As the cost of living rises, so will your pay. Your COLA is based on the Consumer Price Index (CPI) as determined by the U.S. Bureau of Labor Statistics. It’s calculated using the average CPI for the calendar year compared to the average CPI for the previous calendar year.
You may be familiar with another method of calculating the CPI which is frequently reported in the news media. This method shows the change in the CPI from Dec. 31 of the current year to Dec. 31 of the previous year. This table shows the CPI calculation for the last several years using each method.
|Year||Dec. 31 / Dec. 31 CPI||Average / Average CPI |
(used by URS)
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