COST OF LIVING ALLOWANCE. 29:01 All employees within the Bargaining Unit shall be paid a cost of living allowance based on the cost of living formula as set forth below: The cost of living allowance will be determined in accordance with changes in the Consumer Price Index, published by Statistics Canada (1961 = 100) and hereinafter referred to as the Consumer Price Index. The base Consumer Price Index shall be the Consumer Price Index for February 2016. The first (1st) cost of living adjustment shall be based on the Consumer Price Index of May, 2016, and each three (3) months thereafter compared to the base Consumer Price Index for February 2016. Cost of living adjustments shall be made on pay periods commencing 11:59 p.m. on the following dates: July 5, 2016; October 11, 2016; January 17, 2017; and April 10, 2017. The cost of living rate adjustment shall be One ($0.01) Cent per hour for each point five (.5) change in the Consumer Price Index. The cost of living allowance will be adjusted up or down if and as required for each quarterly period in accordance with the above mentioned formula, provided, however, that in no event will a decline in the Consumer Price Index below the figure as recorded for February, 2016, minus 2.5 points provide a basis for further reduction in the straight time rates set forth in Schedule "A" of the within Agreement. The amount of cost of living Allowance in effect at any time shall be included in computing vacation pay, holiday pay, call-in pay, sick pay, paid leave of absence and Workplace Safety Insurance Board payments. The amount of cost of living allowance shall be included in computing overtime pay except that there shall be no pyramiding as stated in clause 19:06 of the within Agreement. As of June 30, 2016, the cost of living rate adjustment less Five ($0.05) Cents* will be added to the base rates set forth in Schedule "A" in order to create new base rates - said new base rates to be effective as of July 1, 2016. Upon creation of new base rates as provided in the preceding paragraph, a new base Consumer Price Index shall be established and shall be calculated as being the Consumer Price Index for February 2016 minus 2.5 points. This article shall be frozen during the life of the Collective Agreement and no monies will be generated or paid during the term of the Collective Agreement. *The Five ($0.05) Cents referred to was folded into the Base Hourly Wage Rates noted in Schedule “A” effective July 1, 1986. LETTER OF INTENT REGARDING ABSENTEEISM...
COST OF LIVING ALLOWANCE. NOTE: The provisions of this Section 14.12 shall remain inoperative during calendar year 1992 and no cost of living allowance shall be computed, paid or become payable or owing in respect of calendar year 1992. A cost of living allowance will be paid to each employee effective January 1, 1993, subject to the provisions of this section. This allowance will be based on the Consumer Price Index (all items - base: 1971 - 100) published by Statistics Canada (hereinafter referred to as the C.P.I.) and will be calculated as follows:
COST OF LIVING ALLOWANCE. The City’s contract with XxxXXXX provides the benefit known as the 2% Cost of Living Allowance Increase as set forth in Government Code section 21329.
COST OF LIVING ALLOWANCE. 34.01 (a) For Wage Schedules 1 and 3, if the June 2007 Consumer Price Index (C.P.I.) exceeds the C.P.I. for June 2006 by more than 2.0%, then all basic rates of pay in effect at August 31, 2007 will be increased effective September 1, 2007 by a percentage figure equal to the difference between:
COST OF LIVING ALLOWANCE. The following Article 29 on the Cost of Living Allowance is suspended for the duration of the Collective Agreement and will not provide or accumulate any monetary payment during said term. Effective January 1977, and continuing until the termination of this Agreement, the Company will pay a cost of living allowance (C.O.L.A.) premium to employees who have established seniority within the Bargaining Unit.
COST OF LIVING ALLOWANCE. Effective November 1st, 2012 the cost-of-living allowance based on the Consumer Price Index Canada, all items (1992 = 100) shall be paid quarterly to all indeterminate and term employees (who complete more than six (6) months of continuous employment).
COST OF LIVING ALLOWANCE. 25.01 A cost of living allowance will, if applicable, be paid to each employee as set out below. This allowance will be based on the Consumer Price Index (all items - base: 1961 = 100) published by Statistics Canada (hereinafter referred to as the "CPI") and will be calculated as follows:
COST OF LIVING ALLOWANCE. (Application of the provisions of this Article is suspended effective April 9, 2017 through April 10, 2021.) The amount of the May 1, 2012 adjustment shall be 0.5 times the increase above four percent (4%) in the U.S. De- partment of Labor Statistics "CPI-W" (1982-84 = 100) for December 2011 over December 2010. The adjustment will be added to the general wage increase and applied exponen- tially with no change to starting wages.
COST OF LIVING ALLOWANCE. During the Term of Employment, the Company shall pay the Executive a monthly cost of living allowance of $10,000.
