Common use of COLA Adjustment Clause in Contracts

COLA Adjustment. Effective July 1, 200815 and July 1 of each year from July 1, 20105 through June 30, 20158 a COLA adjustment percentage increase shall be computed which shall not be less than 2% nor more than 5%. The COLA Adjustment percentage shall be determined by the rolling ten (10)-year average in the CPI-U for the Boston-Brockton-Nashua--MA-NH-ME-CT all items index as computed by the Bureau of Labor Statistics of the U.S. Department of Labor for the ten (10) most recent calendar years preceding the July 1 adjustment. BLS’s calendar year for this index is November through November, it is not published on a December to December basis. The reference base is 1982-1984 equals 100 until BLS updates the reference base at which time the parties agree to adopt the official reference based as used by BLS. Applicability After Contract Expires: It is clearly understood that in the event that the six year Working Agreement expires without a successor Working Agreement being settled prior to July 1, 20158 that no further COLA adjustments after July 1, 20147 will be generated under the Working Agreement even though the Working Agreement has an evergreen clause. It is further agreed that continuation of COLA adjustments are not to be deemed “status quo” as the term has been used by the PELRB in the event that a successor agreement has not been settled by July 1, 20158. Therefore the salary schedule effective with the 1st paycheck of 200815-0916 will read as follows: Position Days 200815-0916 CTE Director 20810 $72,12685,893 PASS RJAPrincipal 2157 $75,62586,806 Medium Elementary School Principals 225 $81,197 Large Elementary Principals 2350 $85,64398,305 High School Assistant Principal 20810 $74,83185,893 Middle School Principal 2350 $89,430102,651 High School Principal 2350 $96,609110,892 Middle School ▇▇▇▇ of StudentsAsst. Principal 20810 $69,29485,893 Director of Student ServicesPupil Support and Instruction Director of School Nutrition 2350 211 $81,72097,186 $81,467 Special Ed/Assistant Principal LH 210 $79,538 Administrators will increase their work year by one (1) days in 2009-10 and an additional day in 2012-13. Starting in the 2016-2017 school year, the parties will create a joint labor/management committee to study and make recomnedations about possible performance based compensation systems for the A dministrators’ bargaining uit, utilizing data from the implementation of the new Portsmotuh T eachers’ Association collective bargaining agreement to improve the process. ARTICL XVI HEALTH INSURANCE

COLA Adjustment. Effective July 1, 200815 2015 and July 1 of each year from July 1, 20105 2015 through June 30, 20158 20189 a COLA adjustment percentage increase shall be computed which shall not be less than 2% nor more than 5%. The COLA Adjustment percentage shall be determined by the rolling ten (10)-year average in the CPI-U for the Boston-Brockton-Nashua--MA-NH-ME-CT all items index as computed by the Bureau of Labor Statistics of the U.S. Department of Labor for the ten (10) most recent calendar years preceding the July 1 adjustment. BLS’s calendar year for this index is November through November, it is not published on a December to December basis. The reference base is 1982-1984 equals 100 until BLS updates the reference base at which time the parties agree to adopt the official reference based as used by BLS. Applicability After Contract Expires: It is clearly understood that in the event that the six three year Working Agreement expires without a successor Working Agreement being settled prior to July 1, 20158 20189 that no further COLA adjustments after July 1, 20147 20178 will be generated under the Working Agreement even though the Working Agreement has an evergreen clause. It is further agreed that continuation of COLA adjustments are not to be deemed “status quo” as the term has been used by the PELRB in the event that a successor agreement has not been settled by July 1, 2015820189. Therefore the salary schedule effective with the 1st paycheck of 200815-0916 2015/16 will read as follows: Position Days 200815-0916 CTE Director 20810 210 $72,12685,893 PASS RJAPrincipal 2157 85,893 RJA Principal 217 $75,62586,806 Medium Elementary School Principals 225 $81,197 86,806 Large Elementary Principals 2350 230 $85,64398,305 98,305 High School Assistant Principal 20810 Principals 210 $74,83185,893 85,893 Middle School Principal 2350 230 $89,430102,651 102,651 High School Principal 2350 230 $96,609110,892 110,892 Middle School ▇▇▇▇ of StudentsAsstAsst. Principal 20810 210 $69,29485,893 Director of Student ServicesPupil Support and Instruction 85,893 Director of School Nutrition 2350 211 $81,72097,186 $81,467 Special Ed/Assistant Principal LH 210 $79,538 79.538 Director of Pupil Support and Instruction 230 $97,186 Administrators will increase their work year by one (1) days in 2009-10 and an additional day in 2012-2012- 13. Starting in the 2016-2017 school year, the parties will create a joint labor/management committee to study and make recomnedations recommendations about possible performance based compensation systems for the A dministratorsAdministrators’ bargaining uitunit, utilizing data from the implementation of the new Portsmotuh T eachersPortsmouth Teachers’ Association collective bargaining agreement to improve inform the process. ARTICL XVI HEALTH INSURANCE