Inflation Protection. The Company agrees to the introduction of a program of inflation protection covering both current and future retirees from the Pension Plan. The details of the new benefit will be developed jointly by Union and Management representatives during 1990-91 with an effective implementation date of January 1, 1992. The proposed improvements to the Plan will follow the amendment principles as set out in the memorandum of settlement between CP Rail and the Associated Non-Operating Railway Unions with any further modifications to be agreed to or negotiated by the Parties prior to 1992.
Inflation Protection. The limits of insurance applicable to Section One shown on the Declarations page will be automatically increased (if applicable) by amounts which are solely attributable to the inflation increase since the most recent of:
Inflation Protection. The above wage schedule was calculated using negotiated increases in the second, third, and fourth years of the contract as follows: May 4, 2008 the gross rate was increased by 5% of the gross rate in effect at the expiry of the 2003 to 2007 Agreement May 3, 2009 the gross rate was increased by 6.5% of the gross rate in effect on May 4, 2008 May 2, 2010 the gross rate was increased by 5% of the gross rate in effect on May 4, 2008 Should the CPI Alberta (all items) Rate, as defined in the paragraph below with one percentage point added to it, amount to a higher percentage than the percentage increase negotiated for the next following wage adjustment date, then the above wage schedule will be recalculated to reflect an increase equivalent to such higher percentage.
Inflation Protection. 7.1. The amount of insurance shown in the Declaration Page(s) for the Buildings and/or Contents will automatically be increased as determined by the Insurer, based on available inflation data.
Inflation Protection. This Benefit provides for the annual increase of benefits to help offset the effects of inflation. The 5% Compounded Annually for Life Inflation Protection applies to all Benefits of the Policy, unless You were age 70 or older at the time the Policy was issued AND You elected the 5% Simple Annual Inflation Protection. The 5% Simple Annual Inflation Protection applies to all Benefits of the Policy.
Inflation Protection. If the Executive receives an Early or Normal Retirement Benefit pursuant to Section 4.2, the amount of the Executive’s Salary (for purposes of calculating the Early or Normal Retirement Benefit) shall be increased annually by an amount equal to the average annual performance increase approved for Company personnel Company-wide between the date of the Executive’s separation from service due to Total Disability and the date of the first payment. For example, if the Executive’s employment terminates due to Total Disability on December 31, 2005, and if the Executive’s Salary for 2005 is two hundred thousand and no/100 dollars ($200,000) and if the Executive receives the first payment on December 15, 2010, and the average Company-wide annual performance increases were four percent (4%) in 2006, zero percent (0%) in 2007, three percent (3%) in 2008, three percent (3%) in 2009, and two percent (2%) in 2010, the amount of the Executive’s Salary shall be deemed to be two hundred twenty-five thousand eighty and 54/100 dollars ($225,080.54).
Inflation Protection. The amount payable under this plan is recalculated annually for inflation protection. At that time the coordination level under the amount payable section and the income limit under the rehabilitation incentive are adjusted to reflect increases in the Consumer Price Index. Cost-of-living increases in Canada and Quebec Pension plan benefits that take effect after you qualify for benefits are only included as "other income" under the amount payable section when your LTD benefit payment is recalculated for inflation. At that time they are included as income to which the coordination level applies.
Inflation Protection. We will from time to time adjust the sums insured in line with changes to relevant indices and claims inflation. Any proposed changes to your sums insured will be applied m onthly and update d an nually at renewal when the revised sums insured will be c learly noted on your renewal notice. You should r egul arly review your sums Insured to satisfy yourself that they meet your requirements. We reserve the right to insist on a reaso nable minimum sum Insured. We will not charge extra premium during the period of insurance but at the end of the period we will calculate the renewal premium on the revised sum s insured.
Inflation Protection. Qualified policies/certificates shall provide lifetime inflation protection of three and one-half percent compounded or five percent compounded on an annual calendar or policy year basis. The insurer shall permit the covered person to choose either the three and one-half percent compounded or the five percent compounded lifetime inflation option. Inflation protection shall be mandatory except if the policy/certificate is purchased at or after age 80.
Inflation Protection. 3.5% or 5% compounded annually for age 79 and younger; and no inflation protection for age 80 and older;
