Common use of Cost of Living Increases Clause in Contracts

Cost of Living Increases. Effective January 1, 1990 on each January 1st following the later of the commencement off a pension and age 65, as long as the pension continues to be paid to the Member, Spouse or beneficiary, as applicable, the portion of that pension earned in respect of service from January 1st, 1990 shall be adjusted on a percentage basis by the Inflation Adjustment Factor described in Section 2.10 (a).

Cost of Living Increases. Effective January 1, 1990 on each January 1st following the later of the commencement off of a pension and age 65, as long as the pension continues to be paid to the Member, Spouse or beneficiary, as applicable, the portion of that pension earned in respect of service from January 1st1, 1990 shall be adjusted on a percentage basis by the Inflation Adjustment Factor described in Section 2.10 (a2.10(a).