Cost of Living Sample Clauses

Cost of Living. Adjustments (Years 1 and 2: 2020-2021 and 2021-2022)

Cost of Living. Following the release of the Consumer Price Index for July 2010 by Statistics Canada based on the 1981 equals 100 index, the Company shall compare such index with the Consumer Price Index for April 2010.

Cost of Living cost of living will remain inop- erative for the life of this agreement. All employees covered by this Agreement shall be entitled to a cost-of-living allowance based on the following: The amount of cost-of-living allowance shall be determined and redetermined as provided below on the basis of the All Canada Consumer Price Index published by Statistics Canada (1971 = and referred to herein as the "Index". The first (1st) pay period in which the living allowance, if any, will apply, shall be the second (2nd) pay period in October, and shall continue in effect until and including the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost of-living allowance shall be made quarter- annually on the basis of the changes in the Index as follows: Effective date of adjustment the second pay period in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals thereafter, as follows: September, December, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living by the above readings will be deemed to he folded into the base rates where applies. In the event that Statistics Canada shall not issue the appropriate Index on or before the first week of the month following the pay period referred to in the above table, any adjustment in the allowance required by such Index shall be effective at the beginning of the first (1st) pay period after receipt of such Index. No adjustment retroactive or otherwise shall be made in the amount of the cost-of-living allowance due to any revision which later may be made in the published figures for the Index for any month on the basis of which the allowance has been determined. The amount of the cost-of-living allowance which shall be effective for any such quarterly period shall be determined in accordance with a table set up using the June, Consumer Price Index as a start of the table and continu- ing with a increase equaling zero and a one cent or Mill adjustment for each in Index. cost-of-living allowance shall not to the base rates for any classification, but only to each straight-time hourly or mileage earnings. A decline in Index below the reading shall not result in a reduction of clas- sification base rates. Continuance of the cost-of-living allowance shall be contingent upon the continued avail- ability of official monthly Consumer Price Index in its present form and calculated on same basis as Inde...

Cost of Living. Adjustments (Years 1-4: 2015-2016, 2016-2017, 2017-2018 and 2018-2019) (a) Bargaining unit members employed on January 1, 2016 on a 12-month basis shall receive a 2.0% increase in base pay effective January 1, 2016. (b) Bargaining unit members employed on February 1, 2016 on a 9-month basis shall receive a 2.0% increase in base pay effective February 1, 2016. (c) Bargaining unit members employed on a 12-month basis on January 1 in each year of this Agreement, starting January 1, 2017, shall receive a percentage increase to their base pay equal to the percent change in the CPI, provided that the percentage increase in CPI is not less than 1.5% or more than 3.5%. If the percentage increase in CPI is less than 1.5%, then the percentage increase in base pay shall be 1.5%; if the percentage increase in CPI is greater than 3.5%, then the percentage increase in base pay shall be 3.5%. (d) Bargaining unit members employed on a 9-month basis on February 1 in each year of this Agreement, starting February 1, 2017, shall receive a percentage increase to their base pay equal to the percent change in the CPI, provided that the percentage increase in CPI is not less than 1.5% or more than 3.5%. If the percentage increase in CPI is less than 1.5%, then the percentage increase in base pay shall be 1.5%; if the percentage increase in CPI is greater than 3.5%, then the percentage increase in base pay shall be 3.5%.

Cost of Living. Adjustments of three percent (3%) on the original base retirement pay shall be made annually for the first five (5) years following an employee's retirement. The initial cost of living adjustment shall be payable in the next retirement payment after the completion of one (1) full year of retirement. Cost of living adjustments are not included in computing the retirement allowance financed by the Employer.

Cost of Living. The Company will continue the Cost-of-Living provisions set forth in Section II of the 2008 MOU during the term of this 2016 MOU. Notwithstanding the continuation of these provisions, there will be no Cost-of-Living adjustments during the term of this 2016 MOU.

Cost of Living. A price index to measure cost of living is the Regional Price Index (RPI) and such indexes will be developed in early 2011 and 2013. The components that will be surveyed are as stated in Schedule I of this General Agreement. The parties shall consult on the towns to be included as part of the survey. The calculations for the cost of living effective from 1 July 2011 and 2013 shall be based on the RPIs developed in these years. The cost of living will be calculated by multiplying the RPIs with the relevant annual salary of a Public Service General Agreement 2008, or as replaced, classification level 1.1 effective on 1 July in each year. The cost of living component used in the aggregate District Allowance rate will rise and fall according to the actual calculation, and will not be maintained at the previous amount if there is a reduction.

Cost of Living. The 2010/11 Salary Schedule A shall be increased by a cost of living factor as stated below, provided, the percentage increase shall rise above ten (10%) percent.

Cost of Living. A cost-of-living escalator clause is included in the pension plan, which annually increases a retiree's pension benefit check by 1% in January after 3 full years of retirement benefits.

Cost of Living. Effective May 1, 2005 and thereafter during the term of this agreement, each employee will receive a cost of living allowance as set forth in this clause. The amount of cost of living adjustment (COLA) shall be determined in accordance with changes in the Consumer Price Index on the base 1981=100 hereafter referred to as the “1981 Consumer Price Index” or “1981 CPI”. In determining the three (3) month average of the indexes for a specified period, the computed average shall be rounded to the nearest .1 index point; i.e. .05 and greater rounded upward and less than the .05 rounded downward. The COLA shall be computed using the three (3) month average of the 1981 CPI for November and December 2004 and January 2005 as the base period. Cost of living adjustments will be made on a quarterly basis at the following times. Effective Date of Adjustment: First pay period beginning on or after June 1, 2005 and at three (3) calendar month intervals thereafter to March 1, 2008. Based Upon the Three (3) Month Average of the 1981 CPI for: February, March and April 2005 and at three (3) calendar month intervals thereafter to November and December 2007 and January 2008. One cent ($.01) adjustments in the cost of living shall become payable for each .2 change to the Consumer Price Index. For the purpose of this agreement, any paid COLA shall be treated as if it were incorporated into the base rate. In the event Statistics Canada ceases monthly publication of the Consumer Price Index, or changes the form or basis of calculating the index, the parties agree to ask Statistics Canada to make available, for the life of this agreement, a monthly index in its present form and calculated on the same basis as the index for February 1992.