Common use of Cost of Living Clause in Contracts

Cost of Living. Effective May 1, 2005 and thereafter during the term of this agreement, each employee will receive a cost of living allowance as set forth in this clause. The amount of cost of living adjustment (COLA) shall be determined in accordance with changes in the Consumer Price Index on the base 1981=100 hereafter referred to as the “1981 Consumer Price Index” or “1981 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 the .05 rounded downward. The COLA shall be computed using the three (3) month average of the 1981 CPI for November and December 2004 and January 2005 as the base period. Cost of living adjustments will be made on a quarterly basis at the following times. Effective Date of Adjustment: First pay period beginning on or after June 1, 2005 and at three (3) calendar month intervals thereafter to March 1, 2008. Based Upon the Three (3) Month Average of the 1981 CPI for: February, March and April 2005 and at three (3) calendar month intervals thereafter to November and December 2007 and January 2008. One cent ($.01) adjustments in the cost of living shall become payable for each .2 change to the Consumer Price Index. For the purpose of this 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 or 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 February 1992.

Cost of Living. Effective May 1, 2005 2008 and thereafter during the term of this agreement, each employee will receive a cost of living allowance as set forth in this clause. The amount of cost of living adjustment (COLA) shall be determined in accordance with changes in the Consumer Price Index on the base 1981=100 hereafter referred to as the “1981 Consumer Price Index” or “1981 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 the .05 rounded downward. The COLA shall be computed using the three (3) month average of the 1981 CPI for November and December 2004 2007 and January 2005 2008 as the base period. Cost of living adjustments will be made on a quarterly basis at the following times. Effective Date of Adjustment: First pay period beginning on or after June 1, 2005 2008 and at three (3) calendar month intervals thereafter to March 1, 20082011. Based Upon the Three (3) Month Average of the 1981 CPI for: February, March and April 2005 2008 and at three (3) calendar month intervals thereafter to November and December 2007 2010 and January 20082011. One cent ($.01) adjustments in the cost of living shall become payable for each .2 change to the Consumer Price Index. For the purpose of this 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 or 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 February 1992.

Cost of Living. Effective May 1, 2005 2002 and thereafter during the term of this agreement, each employee will receive a cost of living allowance as set forth in this clause. The amount of cost of living adjustment (COLA) shall be determined in accordance with changes in the Consumer Price Index on the base 1981=100 hereafter referred to as the “1981 Consumer Price Index” or “1981 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 the .05 rounded downward. The COLA shall be computed using the three (3) month average of the 1981 CPI for November and December 2004 2001 and January 2005 2002 as the base period. Cost of living adjustments will be made on a quarterly basis at the following times. Effective Date of Adjustment: First pay period beginning on or after June 1, 2005 2002 and at three (3) calendar month intervals thereafter to March 1, 20082004. Based Upon the Three (3) Month Average of the 1981 CPI for: February, March and April 2005 2002 and at three (3) calendar month intervals thereafter to November and December 2007 2004 and January 20082005. One cent ($.01) adjustments in the cost of living shall become payable for each .2 change to the Consumer Price Index. For the purpose of this 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 or 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 February 1992.