Will the Cost of Living Allowance (COLA) Differential from the current Collective Agreement be included in calculating the new rates of pay?

Posted October 12, 2021

The COLA provision of the current Collective Agreement (2018 to 2021) will be triggered on January 1, 2022 if the CPI is greater than 2.2%. Currently the CPI is at about 4.1%. If the CPI is 4.1% the end of the year the COLA differential would increase wage rates by 1.9%. The COLA increase would be retroactive to January 1, 2021 and would be added to the current wage rates effective December 31, 2021. The current Bruce Power Proposal would provide a 2% increase in wages on January 1, 2022 in addition to any COLA increase and an additional 2% on January 1, 2023.