Cost of Living Adjustments (COLA. After June 30, 2019, COLAs, based on legislative funding, will be used to adjust faculty salaries of full-time temporary faculty, special faculty appointments, tenure-track and tenured faculty members and will be evenly distributed based on the number of faculty. COLA amounts will increase the Salary Schedule by appropriate means. The College will update the Salary Schedule and post it for viewing on the Labor Relations webpage after each increase.
Cost of Living Adjustments (COLA. This article shall remain dormant for the term of this Collective Agreement. The Parties agree to a COLA provision for 1993 and 1994 as set out below:
a) Effective January 1, 1993, the following provisions shall apply:
(i) The Consumer Price Index (CPI) used for the COLA calculation will be provided by Statistics Canada (1986 BASE = 100).
(ii) No change, retroactive or otherwise, will be made due to any revision in any published Statistics Canada Consumer Price Index figures.
(iii) The average CPI (Ontario) for October to December 1992 plus three percent (3%) will be the Base Index for all calculations of the COLA float.
(iv) The COLA float will be calculated on a quarterly basis for 1993 for quarters ending March 31, 1993, June 30, 1993, September 30, 1993 and December 31, 1993, with the understanding that the COLA float calculated will not be reduced from the previous quarter.
(v) The COLA will be a lump sum payment based on regular time hours worked during the quarterly period. The Employer will endeavour to make quarterly lump sum payments within the month following the publication of the CPI.
(vi) The float will be an amount equivalent to the percentage increase in the quarterly (three-month average) CPI above the Base Index.
(vii) Where the float is less than zero point one percent (0.1%), no quarterly payments shall be made, and the payment shall be added to the next quarterly payment, if any, or in any event by the end of 1993.
(viii) Effective December 31, 1993, the allowance will be folded into the base rates of each classification.
b) Effective January 1, 1994, the following provisions shall apply:
(i) The Consumer Price Index (CPI) used for the COLA calculation will be provided by Statistics Canada (1986 BASE = 100).
(ii) No change, retroactive or otherwise, will be made due to any revision in any published Statistics Canada Consumer Price Index figures.
(iii) The average CPI (Ontario) for October to December 1993 plus five percent (5%) will be the Base Index for all calculations of the COLA float.
(iv) The COLA float will be calculated on a quarterly basis for 1994 for quarters ending March 31, 1994, June 30, 1994, September 30, 1994 and December 31, 1994, with the understanding that the COLA float calculated will not be reduced from the previous quarter.
(v) The COLA will be a lump sum payment based on regular time hours worked during the quarterly period. The Employer will endeavour to make quarterly lump sum payments within the month follow...
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.
Cost of Living Adjustments (COLA. There will be no cost of living adjustment (COLA) for FY 2021 or FY 2022.
Cost of Living Adjustments (COLA. Effective September 16, 2019, all eligible adjunct faculty members will receive a cost of living adjustment to their salary rate on the first day of their first employment period during that academic year. Such adjustment will be equal to the percent change in the CPI. If the percentage increase in CPI is less than 1.5%, then the increase in salary will be 1.5%. If the percentage increase in CPI is more than 3.5%, then the increase in salary will be 3.5%. “Eligible adjunct faculty members” are those adjuncts who are employed for at least one (1) term (not including Summer Session) during the previous four terms in an adjunct position, except that for the September 16, 2019 COLA, “eligible adjunct faculty member” will include all adjunct faculty members including new hires.
Cost of Living Adjustments (COLA. If requested by Contractor, the Master Agreement’s Hourly Billable Rates may be, at the sole discretion of the County, increased annually based on the most recent published percentage change in the U.S. Department of Labor, Bureau of Labor Statistics’ Consumer Price Index for Urban Consumers (CPI-U) for the Los Angeles-Long Beach-Anaheim Area for the 12-month period preceding this Master Agreement anniversary date, which will be the effective date for any COLA. However, any increase must not exceed the general salary movement granted to County employees as determined by the Chief Executive Office as of each July 1 for the prior 12-month period. Furthermore, should fiscal circumstances ultimately prevent the Board from approving any increase in County employee salaries, no COLA will be granted. Before any COLA increase will take effect and become part of this Master Agreement, a written Amendment to this Master Agreement must be formally approved by the County and executed by the parties.
Cost of Living Adjustments (COLA s) If requested by the Contractor, the Contract (hourly, daily, monthly, etc.) amount (for the additional option year periods identified in Paragraph 4.2) may at the sole discretion of the County, be increased annually based on the most recent published percentage change in the U.S. Department of Labor, Bureau of Labor Statistics’ Consumer Price Index for Urban Consumers (CPI-U) for the Los Angeles-Long Beach-Anaheim Area for the twelve (12) month period preceding the Contract anniversary date, which will be the effective date for any Cost of Living Adjustment (COLA). However, any increase must not exceed the general salary movement granted to County employees as determined by the Chief Executive Officer as of each July 1 for the prior twelve (12) month period. Furthermore, should fiscal circumstances ultimately prevent the Board from approving any increase in County employee salaries, no COLA will be granted. Where the County decides to grant a COLA pursuant to this paragraph for living wage contracts, it may, in its sole discretion exclude the cost of labor (including the cost of wages and benefits paid to employees providing services under this Contract) from the base upon which a COLA is calculated, unless the Contractor can show that their labor cost will actually increase. Further, before any COLA increase will take effect and become part of this Contract, it will require a written amendment to this Contract first, that has been formally approved and executed by the parties.
Cost of Living Adjustments (COLA. On December 1, 2017, 2018, 2019, 2020, 2022, 2023, 2024, and 2025 the Base Rent shall be increased by the change, if any, from the base month specified below, in the Consumer Price Index of the Bureau of Labor Statistics of the U.S. Department of Labor for CPI U (All Urban Consumers), for Los Angeles,-Anaheim-Riverside, All items (1982-1984 = 100), herein referred to as “CPI”. The CPI increase shall be calculated as follows: the then current Base Rent under the Lease, shall be multiplied by a fraction the numerator of which shall be the CPI for September 2016 and the denominator of which shall be the CPI for September for the year in which the adjustment is to be made. The sum so calculated shall constitute the monthly rent hereunder; provided, however, in no event shall the increase be less than three percent (3%) or more than six percent (6%). of the Base Rent payable for the month immediately preceding the rent adjustment. In the event the compilation and/or publication of the CPI shall be transformed to any other governmental department or bureau or agency or shall be discontinued, then the index most nearly the same as the CPI shall be used to make such calculation. In the event that the Parties cannot agree on such alternative index, then the matter shall be submitted for decision to American Arbitration Association in accordance with the then rules of said Association and the decision of the arbitrators shall be binding upon the Parties. The cost of said Arbitration shall be paid equally by the Parties.
Cost of Living Adjustments (COLA. Employees covered by this Memorandum of Understanding shall receive a cost of living adjustment for FY 2012 that is equal to the cost of living adjustment granted to State employees for FY 2012 provided that the General Assembly approves and funds that adjustment for employees of Xxxxxx State University in the applicable legislative appropriations.
Cost of Living Adjustments (COLA.
1. Begin with annual CPI-U for 2014: 154.847
2. Subtract annual CPI-U for 2013: – 152.500 3. Difference equals Index Point Change: 2.357
