Common use of Cost of Living Adjustments Clause in Contracts

Cost of Living Adjustments. Effective December 1, 2021, Compensation Plan salary rates shall be increased by two and five tenths percent (2.5%) but not less than eighty-five dollars ($85) per month (prorated for part-time employees). Effective December 1, 2022, Compensation Plan salary rates shall be increased by three and one tenth percent (3.1%) but not less than one hundred dollars ($100) per month (prorated for part-time employees). (See Appendix C & E.)

Cost of Living Adjustments. Effective December 1, 20212015, Compensation Plan salary rates shall be increased by one and forty-eight hundredths percent (1.48%), to be paid January 1, 2016. Effective December 1, 2016, Compensation Plan salary rates shall be increased by two and seventy-five tenths hundredths percent (2.52.75%) but not less than eighty-five dollars ($85) per month (prorated for part-time employees). Effective December , to be paid January 1, 2022, Compensation Plan salary rates shall be increased by three and one tenth percent (3.1%) but not less than one hundred dollars ($100) per month (prorated for part-time employees)2017. (See Appendix C & E.)

Cost of Living Adjustments. Effective December 1June 15, 20212018, Compensation Plan salary rates shall be increased by two one and five tenths percent (2.5%) but not less than eighty-five dollars hundredths percent ($85) per month (prorated for part-time employees1.85%). Effective December , to be paid July 1, 2022, Compensation Plan salary rates shall be increased by three and one tenth percent (3.1%) but not less than one hundred dollars ($100) per month (prorated for part-time employees)2018. (See Appendix C & E.)