Cost of Living Adjustment Clause Sample Clauses

Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers”, CPI-W (Revised Series Using 1982-84 Expenditure Patterns), All Items (1982-84=100), published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the “Index”. Effective April 1, 2009, and every April 1 thereafter during the life of the agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 2008 (published February 2008) and the Index for January, 2009 (published February 2009) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.0%, there will be a 1 cent increase in the hourly wage rates payable on April 1, 2009, and every April 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. All cost-of-living allowances paid under this agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.
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Cost of Living Adjustment Clause. Article 33 No change from current contract language except change dates to make effective in new agreement.
Cost of Living Adjustment Clause. Modify the third and fourth paragraphs of Article 33, Section 4 as follows: Effective April 1, 2020, and every April 1 thereafter during the life of the Agreement, a cost-of- living allowance will be calculated on the basis of the difference between the Index for January, 2019, (published February, 2019) and the index for January, 2020 (published February, 2020) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.5%, there will be a 1 cent increase in the hourly wage rates payable on April 1, 2020, and every April 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year.
Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers”, CPI-W (Revised Series Using 1982-84 Expenditure Patterns), All Items (1982-84=100), published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the “Index”. Effective April 1, 2004, and every April 1 thereafter during the life of the agreement, a cost-of- living allowance will be calculated on the basis of the difference between the Index for January, 2003 (published February 2003) and the Index for January, 2004 (published February 2004) with a similar calculation for every year thereafter, as follows: For every 0.2 point increase in the Index over and above the base (prior year’s) Index plus 3.0%, there will be a 1 cent increase in the hourly wage rates payable on April 1, 2004, and every April 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. All cost-of-living allowances paid under this agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each 1 cent increase in hourly wages.
Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the Index. Effective July 1, 2024, and every July 1 thereafter during the life of the Agreement, a cost- of-living allowance will be calculated based on the difference between the Index for April 2023, (published May 2023) and the index for April 2024 (published May 2024) with a similar calculation for every year thereafter, as follows:
Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost-of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the "Consumer Price Index for Urban 107
Cost of Living Adjustment Clause. All regular employees shall be covered by the provisions of a cost- of-living allowance as set forth in this Article. The amount of the cost-of-living allowance shall be determined as pro- vided below on the basis of the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Sta- tistics, U.S. Department of Labor and referred to herein as the Index. Effective July 1, 2019, and every July 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 2018, (pub- lished February, 2018) and the index for January, 2019 (published February, 2019 ) with a similar calculation for every year thereafter, as follows:
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