Common use of Plan C Clause in Contracts

Plan C. All employees and beneficiaries of those employees who retire on or after 16 January 1 of the year following acceptance of this section, on the first day of January next 17 following the date of the retirement, receive a cost of living adjustment in an amount equal to three 18 percent (3%) of the original retirement allowance.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement