IAM District 751
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  • February 22, 2024
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  • COLA Formula Generates 1-cent Increase
    Updated On: Feb 20, 2023

    COLA Formula Generates 1-cent Increase

    Effective March 3, 2023, a 1-cent cost-of-living adjustment (COLA) will be added to the hourly wage rate for IAM members at Boeing.

    The 1-cent was generated for the quarter of November 2022, December 2022, and January 2023. COLA is generated quarterly under the IAM contract, based on the federal government’s Consumer Price Index.

    YouTube video of the Math

    BLS Data Used


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