Common use of Indexing Clause in Contracts

Indexing. Pension benefits for Pension Plan members who immediately prior to termination of employment were members of the Power Workers’ Union, will be increased on January 1 of each year by 100 percent of the increase in the Consumer Price Index, up to a maximum of 8 percent per year. In the event that the increase in the CPI exceeds 8 percent, the increase shall be carried forward to future years. In the event that the CPI decreases, the percentage decrease shall be applied in determining subsequent increases in pension benefits. A decrease in the CPI shall not reduce pension benefits in payment.

Indexing. Pension benefits for Pension Plan members who immediately prior to termination of employment were members of the Power Workers’ Union, will be increased on January 1 of each year by 100 percent (100%) of the increase in the Consumer Price Index, up to a maximum of 8 percent (8%) per year. In the event that the increase in the CPI exceeds 8 percentpercent (8%), the increase shall be carried forward to future years. In the event that the CPI decreases, the percentage decrease shall be applied in determining subsequent increases in pension benefits. A decrease in the CPI shall not reduce pension benefits in payment.

Indexing. Pension benefits for Pension Plan members who immediately prior to termination of employment were members of the Power Workers’ Union, will be increased on January 1 of each year by 100 percent of the increase in the Consumer Price Index, up to a maximum of 8 percent per year. In the event that the increase in the CPI exceeds 8 percent, the increase shall be carried forward to future years. In the event that the CPI decreases, the percentage decrease shall be applied in determining subsequent increases in pension benefits. A decrease in the CPI shall not reduce pension benefits in payment.CPI

Indexing. Pension benefits for Pension Plan members who immediately prior to termination of employment were members of the Power Workers’ Union, will be increased on January 1 1st of each year by 100 percent of the increase in the Consumer Price Index, up to a maximum of 8 percent per year. In the event that the increase in the CPI exceeds 8 percent, the increase shall be carried forward to future years. In the event that the CPI decreases, the percentage decrease shall be applied in determining subsequent increases in pension benefits. A decrease in the CPI shall not reduce pension benefits in payment.