Common use of Cost of Living Adjustment Clause Clause in Contracts

Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers”, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the “Index”. Effective April 1, 20092020, and every April 1 thereafter during the life of the agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 20082019 (published February 20082019) and the Index for January, 20092020 (published February 20092020) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.05%, there will be a 1 cent increase in the hourly wage rates payable on April 1, 20092020, and every April 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. All cost-of-living allowances paid under this agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost of living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 2 contracts

Samples: National Master Freight Agreement, National Master Freight Agreement

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Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers”, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). , All Items (1982-84=100), published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the “Index”. Effective April 1, 200920202009, and every April 1 thereafter during the life of the agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 20082019 2008 (published February 200820192008) and the Index for January, 20092020 2009 (published February 200920202009) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.053.0%, there will be a 1 cent increase in the hourly wage rates payable on April 1, 200920202009, and every April 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. All cost-of-living allowances paid under this agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost of cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 2 contracts

Samples: Master Freight Agreement, National Master Freight Agreement (Yrc Worldwide Inc)

Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the Index. Effective April July 1, 200920202014 2019, and every April July 1 thereafter during the life of the agreementAgreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 20082019 2013 2018, (published February 20082019February, 20132018) and the Index index for January, 20092020 2014 2019 (published February 20092020February, 2014 2019) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.053.5%, there will be a 1 cent increase in the hourly wage rates payable on April July 1, 2009202020142019, and every April July 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. In no case shall the cost-of living-allowance be more than five (5) cents in any given year. All cost-of-living allowances paid under this agreement Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost of cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Llabor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 1 contract

Samples: National Master Freight Agreement (Arcbest Corp /De/)

Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series Using 1982-84 Expenditure ​ ​ ​ ​ Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the Index. Effective April July 1, 200920202019July 1, 2024, and every April July 1 thereafter during the life of the agreementAgreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 20082019 2018April 2023, (published February 20082019February, 2018May 2023) and the Index index for January, 20092020 2019April 2024 (published February 20092020February, 2019May 2024) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.053.5%, there will be a 1 cent increase in the hourly wage rates payable on April July 1, 2009202020192024, and every April July 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. In no case shall the cost-of living-allowance be more than five (5) cents in any given year.There shall be no cap on the COLA. ​ All cost-of-living allowances paid under this agreement Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-of- living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost of cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.. ​

Appears in 1 contract

Samples: Master Freight Agreement (Arcbest Corp /De/)

Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the Index. Effective April July 1, 200920202019July 1, 2024, and every April July 1 thereafter during the life of the agreementAgreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 20082019 2018April 2023, (published February 20082019February, 2018May 2023) and the Index index for January, 20092020 2019April 2024 (published February 20092020February, 2019May 2024) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.053.5%, there will be a 1 cent increase in the hourly wage rates payable on April July 1, 2009202020192024, and every April July 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. In no case shall the cost-of living-allowance be more than five (5) cents in any given year.There shall be no cap on the COLA. All cost-of-living allowances paid under this agreement Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-of- living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost of cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 1 contract

Samples: National Master Freight Agreement

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Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers’’, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the “Index’’. Effective April 1, 200920202020, and every April 1 thereafter during the life of the agreementAgreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 20082019 2019, (published February 20082019February, 2019) and the Index index for January, 20092020 2020 (published February 20092020February, 2020) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.053.5%, there will be a 1 cent increase in the hourly wage rates payable on April 1, 200920202020, and every April 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. All cost-of-living allowances paid under this agreement Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost of cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 1 contract

Samples: YRC Worldwide Inc.

Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below based on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the Index. Effective April July 1, 200920202024, and every April July 1 thereafter during the life of the agreementAgreement, a cost-of-living allowance will be calculated based on the basis of the difference between the Index for JanuaryApril 2023, 20082019 (published February 20082019May 2023) and the Index index for January, 20092020 April 2024 (published February 20092020May 2024) with a similar calculation for every year thereafter, as follows: For every 0.2 0.2-point increase in the Index over and above the base (prior year’s) Index plus 3.053.5%, there will be a 1 cent increase in the hourly wage rates payable on April July 1, 200920202024, and every April July 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. There shall be no cap on the COLA. ​ All cost-of-living allowances paid under this agreement Agreement will become and remain a fixed part of the base wage rate for all job classifications. A ​ ‌ ​ ​ decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances based on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost of cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that If the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.. ​ New Entry (New Hire) Rates ​ Full-Time New Hire Wage Progression and Casual Rates

Appears in 1 contract

Samples: Tentative Agreement (Arcbest Corp /De/)

Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below based on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau ​ ​ ​ ​ MAS ​ of Labor Statistics, U.S. Department of Labor and referred to herein as the Index. Effective April July 1, 200920202024, and every April July 1 thereafter during the life of the agreementAgreement, a cost-cost- of-living allowance will be calculated based on the basis of the difference between the Index for JanuaryApril 2023, 20082019 (published February 20082019May 2023) and the Index index for January, 20092020 April 2024 (published February 20092020May 2024) with a similar calculation for every year thereafter, as follows: For every 0.2 0.2-point increase in the Index over and above the base (prior year’s's) Index plus 3.053.5%, there will be a 1 cent increase in the hourly wage rates payable on April July 1, 200920202024, and every April July 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. There shall be no cap on the COLA. ​ All cost-of-living allowances paid under this agreement Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances based on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-cost- of-living adjustment, the cost of cost-of-living adjustment that is required will be made at the beginning of the first ({1st) pay period after the receipt of the Index. In the event that If the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s 's decision shall be final and binding.. ​

Appears in 1 contract

Samples: Master Freight Agreement (Arcbest Corp /De/)

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