COLA. After the Initial Term of the Agreement, providing that service mix and volumes remain constant, the fees listed in the Fee and Service Schedule shall be increased by the accumulated change in the National Employment Cost Index for Service Producing Industries (Finance, Insurance, Real Estate) for the preceding years of the contract, as published by the Bureau of Labor Statistics of the United States Department of Labor. Fees will be increased on this basis on each successive contract anniversary thereafter.
COLA. There shall be no Cost of Living Adjustment (COLA) to the standard hourly rates of the full-time employees covered by this Agreement for the life of this Agreement. All adjustments shall be incorporated into the standard hourly rates and shall be made quarter annually on the Monday closest to the first days of February, May, August and November based on the Consumer Price Index (CPI) for Canada (1986 = 100), published by Statistics Canada. It is agreed that an increase or decrease of 0.325 in the CPI reflects an increase or decrease of one (1) cent per hour. The increases will be applied quarterly and folded into the end rates each quarter. Any decreases in the CPI will not reduce the wages below the basic wages, plus contractual increases. (e.g. COLA increase of .6 cents in first quarter, CPI decrease of .8 cents in second quarter then only .6 cents can be taken off wage rates).
COLA. The COLA will be applied as applicable to the GWI effective on the first pay period after April 1, 2023 and April 1, 2024. The COLA will be calculated by determining the difference between the AABC CPI and the annual general wage increase to the maximum COLA prescribed that year in Wage Schedule – Grids.
COLA. New or increased revenues above the base amount are generally derived from two primary sources: 1) Cost of Living Adjustments (COLA); and 2) Growth Funds. The determination, availability, and distribution of the bargaining units proportionate share of new or increased revenues due to the COLA factor applied to Base Revenue is dependent upon the final adoption of the State budget and the reliability of receiving such entitlements. An initial salary schedule improvement may be implemented for the fiscal year based upon COLA funds authorized in the State budget for community colleges provided that such COLA revenues are reliable (no projected State funding deficit) and subject to the use of such funds as provided in section A.2.
COLA. All monetary compensation hereunder shall be reviewed by the Board of Directors for inflation on a yearly basis or more frequently if inflation is at an abnormally high level. If the Consumer Price Index (“CPI”), as published by the United States Government, rises significantly, the Board of Directors will reevaluate compensation and, if feasible given the financial condition of the Company, upwardly adjust compensation hereunder.
COLA. FT faculty will receive Cost of Living Allocation (added to base salary) equal to that allocated by the state. Distribution of the COLA is applied as an equal percentage increase across the salary schedule each year funds are allocated by the state.
COLA. The Employee shall only be eligible for Cost of Living (COLA) increases that are specifically approved and funded by the Nevada State Legislature during the Term of the Agreement. No COLAs are currently approved and funded during the Term of this Agreement.
COLA. Effective June 3, 1996 and thereafter during the period of this agreement, each employee shall receive a cost of living allowance as set forth in this section. COLA will be frozen for the life of this agreement (Employees will not “catch-up” in any way for any COLA forgone). The amount of cost of living adjustment (COLA) shall be determined in accordance with changes in the Consumer Price Index of the base 1986 = 100, hereinafter referred to as the 1986 Consumer Price Index or 1986 CPI. In determining the three (3) month average of the indexes for a specified period, the computed average shall be rounded to the nearest .1 index point - i.e. .05 and greater rounded upward and less than .05 rounded downwards. The COLA shall be computed using the three month average of the 1986 CPI for March 1993; April 1993 and May 1993 as the base period. Cost of Living Adjustments will be made on a quarterly basis at the following times: Effective Date of Adjustment Based Upon Three Month Average of the 1986 CPI Form First pay period beginning on June 1993, July 1993 or after October 1, 1993 and at three calendar month intervals thereafter August 1993 and at three calendar month intervals thereafter One cent ($0.01) adjustments in the cost of living shall become payable for each .0958 change in the Consumer Price Index. Effective January 1, 2000, the current .0958 will be changed to .0849. If at anytime the CPI indicates a drop in COLA, the adjustment will not be reduced. The adjustment, therefore, will not be increased until the CPI rises above where it was when the reduction would have been made. For purposes of this Collective Agreement, any paid COLA shall be treated as if it were incorporated into the base rate. In the event Statistics Canada ceases monthly publication of the Consumer Price Index, or changes the form of the basis of calculating the Index, the parties agree to ask Statistics Canada to make available, for the life of this agreement, a monthly index in its present form and calculated on the same basis as the Index for 1993.
COLA. Subject to the provisions of this paragraph, there shall be a Cost of Living adjustment to the standard hourly rates of the employees covered by this Agreement. All adjustments shall be incorporated into the standard hourly rates and shall be made annually on the Sunday closest to the first day of January based on the Consumer Price Index for Canada (1986 = 100), published by Statistics Canada. The basic Consumer Price Index upon which this paragraph has been based is 129.6 (being the Consumer Price Index for Jan. 1993, published in Feb. 1993). It is agreed that an increase or decrease of .325 in the Index reflects an increase or decrease of one cent (1¢) per hour. The CPI will be read every January on an annual basis and increases will be subsequently applied and folded into the end rates each year. Any decreases in the CPI will not reduce the wages below the basic wages plus contractual increases. Example C.O.L.A. increase of .6 cents in the year. CPI decrease of .8 cents in the subsequent year.
COLA. Effective July 1, 1992, the cost of living adjustment (COLA) for retirees who retired before October 6, 1980, will increase from 1.5 percent to 2 percent per year.
