Cost of Living Adjustment definition

Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.
Cost of Living Adjustment means the cost-of-living adjustment prescribed by the Secretary of the Treasury under Code Section 401(a)(17), 414(v), or 457(e)(15) for any applicable year.
Cost of Living Adjustment or “COLA” means a percentage-based general wage increase adjustment provided in accordance with this Memorandum of Agreement. COLA is an upward adjustment applied to and folded into all wage rates. The "annualized average of BC CPI over twelve months” (AABC CPI) means the Latest 12-month Average Index % Change reported by BC Stats in March for British Columbia for the twelve months starting at the beginning of March in the preceding year and concluding at the end of the following February. The “Latest 12-month Average Index”, as defined by BC Stats, is a 12-month moving average of the BC consumer price indexes of the most recent 12 months. This figure is calculated by averaging index levels over the applicable 12 months. The Latest 12-month Average Index % Change is reported publicly by BC Stats in the monthly BC Stats Consumer Price Index Highlights report. The BC Stats Consumer Price Index Highlights report released in mid-March will contain the applicable figure for the 12-months concluding at the end of February. The percentage change reported by BC Stats that will form the basis for determining any COLA increase is calculated to one decimal point. For reference purposes only, the annualized average of BC CPI over twelve months from March 1, 2021 to February 28, 2022 was 3.4%.

Examples of Cost of Living Adjustment in a sentence

  • ME TOO PROVISION SPECIFIC TO THE 2022-2025 COLLECTIVE BARGAINING SEASON ME TOO Understanding that Bargaining Unit 801 shall receive the same County wide general Cost of Living Adjustment as all other represented Attorney groups.

  • Cost of Living Adjustment (COLA) shall be defined as the Consumer Price Index published by Stats Canada for the twelve month period preceding the effective date of increase.


More Definitions of Cost of Living Adjustment

Cost of Living Adjustment or “COLA” means a percentage-based general wage increase adjustment provided in accordance with this Memorandum of Agreement. COLA is an upward adjustment applied to and folded into all wage rates.
Cost of Living Adjustment for any tax year means the factor
Cost of Living Adjustment means the percentage (if
Cost of Living Adjustment means the cost of living adjustment prescribed by the Secretary of the Treasury under Code Section 415(d) for any applicable year.
Cost of Living Adjustment means the percentage (if any) for each civil monetary penalty by which the Con- sumer Price Index for the month of June of the calendar year preceding the adjustment exceeds the Consumer Price Index for the month of June of the calendar year in which the amount of such civil monetary penalty was last set or adjusted pursuant to law.§ 1022.3 Civil monetary penalty infla- tion adjustment.The Board shall, immediately, and at least once every four years thereafter—(a) By regulation adjust each civil monetary penalty provided by law within the jurisdiction of the Board by the inflation adjustment described in§ 1022.4; and(b) Publish each such adjustment in the FEDERAL REGISTER.§ 1022.4 Cost-of-living adjustments of civil monetary penalties.(a) Pursuant to the Debt Collection Improvement Act of 1996, as it amends the Federal Civil Penalties Inflation Adjustment Act of 1990, the increase of a civil monetary penalty assessed under this section shall be determined by multiplying the Cost-of-Living Ad- justment by the existing maximum civil monetary penalty, rounded to the nearest specified amount using the guidelines set forth in paragraph (b) of this section.(b) Any increase determined under paragraph (a) of this section shall be rounded to the nearest:
Cost of Living Adjustment means, in any given year, the annual average percentage change in the CPI Index during the 12 month period ending on December 31 in the prior year. For the 12 month period ending on December 31, 2022, the Cost of Living Adjustment was 6.8%.
Cost of Living Adjustment means the percentage (if any) for each civil monetary penalty by which–