IAM District 751
Machinists Union
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  • COLA Formula Generates Negative 8¢; Only 4¢ Deducted Effective 03/08/19
    Updated On: Mar 06, 2019

    Effective March 8, 2019, Cost-of-Living Adjustment (COLA) under the IAM-Boeing contract resulted in a negative 8¢. Previous December COLA payment was 4¢ so only 4¢ can be deducted. Therefore, current accumulated COLA to date is negative 4¢ since COLA was rolled into the base rates last September.

    Click on bulletin right to see new minimum and maximum rates. The negative 8¢ was generated for the quarter November and December 2018 and January 2019. COLA is based on the government’s Consumer Price Index and is paid quarterly under the IAM-Boeing contract.

    After our Union entered effects bargaining and discussions surrounding LOU#45, effective Jan. 1, 2019 minimum rates increased by $4 per hour for Grades 1-11. Grade A increased to $15 per hour. Implementation of new minimum rates and back pay will be a manual process that will be completed in the next couple months.

    Shift differential increase effective March 8, 2019 to $1 an hour (previously 75¢ an hour).

    *Previous December COLA payment was 4¢ so only 4¢ can be deducted. Therefore, current accumulated COLA to date is negative 4¢ since COLA was rolled into the base rates last September.


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