Common use of Cost of Living Adjustments Clause in Contracts

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 34. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 (256.6), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 and the corresponding BLS Index threshold values expressed as percentage increases over the 2019 base period. The formula will be: percentage of Cost of Living equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 base period to the BLS Index Comparison Quarter, that exceeds the BLS Index Threshold Percentage, as shown in Table 3. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2020 represented an 8 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/21), no Cost of Living Adjustment would result for the 3/11/22 effective date unless, and to the extent, the BLS Index for October, November, December 2021 represented an increase in excess of 14 percent over the base period.] BLS Index three-month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 11.1(c)(5) In connection with each of the effective dates in Table 3, the computations set forth in 11.1(c)(4) will be made.

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 34. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 20195 (256.6233256.63), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 34 and the corresponding BLS Index threshold values expressed as percentage increases over the 2019 20195 base period. The formula will be: percentage of Cost of Living equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 20195 base period to the BLS Index Comparison Quarter, that exceeds the BLS Index Threshold Percentage, as shown in Table 334. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2015 2020 represented an 8 128 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/213/12/21 3/17/17), no Cost of Living Adjustment would result for the 3/11/22 3/7/18 effective date unless, and to the extent, the BLS Index for October, November, December 2017 2021 represented an increase in excess of 14 2214 percent over the base period.] BLS Index three-month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 34 Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 3/134/2016 Oct, Nov, Dec 20195 10%6% 3/127/2117 Oct, Nov, Dec 202016 20%12% 3/116/2218 Oct, Nov, Dec 202117 30%18% 3/105/2319 Oct, Nov, Dec 202218 40%24% 3/138/240 Oct, Nov, Dec 202319 50%30% 3/127/251 Oct, Nov, Dec 202420 60%36% 3/186/262 Oct, Nov, Dec 202521 70%42% 11.1(c)(5) In connection with each of the effective dates in Table 334, the computations set forth in 11.1(c)(4) will be made.

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 343. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 2015 (256.6233.3), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 and the corresponding BLS Index threshold values expressed as percentage increases over the 2019 2015 base period. The formula will be: percentage of Cost of Living equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 2015 base period to the BLS Index Comparison Quarter, that exceeds the BLS Index Threshold Percentage, as shown in Table 3. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2020 2015 represented an 8 a 12 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/213/17/17), no Cost of Living Adjustment would result for the 3/11/22 3/7/18 effective date unless, and to the extent, the BLS Index for October, November, December 2021 2017 represented an increase in excess of 14 22 percent over the base period.] BLS Index three-month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 11.1(c)(5Percentage 11.1 (c)(5) In connection with each of the effective dates in Table 3, the computations set forth in 11.1(c)(4) will be made.

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 34. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 20195 (256.6233256.63), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 23 and the corresponding BLS Index threshold values expressed as percentage increases over the 2015 2019 base period. The formula will be: percentage of Cost of Living equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 20195 base period to the BLS Index Comparison Quarter, that exceeds the BLS Index Threshold Percentage, as shown in Table 323. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2015 2020 represented an 8 128 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/213/12/213/17/17), no Cost of Living Adjustment would result for the 3/11/22 3/11/223/7/18 effective date unless, and to the extent, the BLS Index for October, November, December 2017 2021 represented an increase in excess of 14 2214 percent over the base period.] BLS Index three-month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 23 Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 11.1(c)(53/134/2016 Oct, Nov, Dec 20195 10%6% 3/1712/2117 Oct, Nov, Dec 20162020 20%12% 3/1611/2218 Oct, Nov, Dec 202117 30%18% 3/1510/2319 Oct, Nov, Dec 202218 40%22% 3/138/2420 Oct, Nov, Dec 202319 50%26% 3/127/2521 Oct, Nov, Dec 202420 60%30% 3/6/2622 Oct, Nov, Dec 202521 70%34% 11.1 (c)(5) In connection with each of the effective dates in Table 323, the computations set forth in 11.1(c)(4) will be made.

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review selective adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 34. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 2008 (256.6215.5), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 II and the corresponding BLS Index threshold values expressed as percentage increases over the 2019 2008 base period. The formula will be: percentage of Cost of Living Adjustment equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 2008 base period to the BLS Index Comparison Quarter, that exceeds the BLS Index Threshold Percentage, as Percentage shown in Table 3II. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2020 and December, 2008 represented an 8 a 12 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/212/27/2009), no Cost of Living Adjustment would result for the 3/11/22 2/26/2010 effective date unless, and to the extent, the BLS Index for October, November, December 2021 and December, 2009 represented an increase in excess of 14 22 percent over the base period.] BLS Index three-three- month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 II Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 11.1(c)(5) In connection with each of the effective dates in Table 3II, the computations set forth in 11.1(c)(4) will be made.

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 342. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 (256.6), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 2 and the corresponding BLS Index threshold values expressed as percentage increases over the 2019 base period. The formula will be: percentage of Cost of Living equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 base period to the BLS Index Comparison Quarter, ,that exceeds the BLS Index Threshold Percentage, as shown in Table 32. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2020 represented an 8 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/21), no Cost of Living Adjustment would result for the 3/11/22 effective 3/11/22effective date unless, and to the extent, the BLS Index for October, November, December 2021 represented an increase in excess of 14 percent over the base period.] BLS Index three-month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 2 Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 11.1(c)(5Percentage 11.1 (c)(5) In connection with each of the effective dates in Table 32, the computations set forth in 11.1(c)(4) will be made.

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 342. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 (256.6), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 2 and the corresponding BLS Index threshold values expressed as percentage increases over the 2019 base period. The formula will be: percentage of Cost of Living equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 base period to the BLS Index Comparison Quarter, ,that exceeds the BLS Index Threshold Percentage, as shown in Table 32. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2020 represented an 8 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/21), no Cost of Living Adjustment would result for the 3/11/22 effective 3/11/22effective date unless, and to the extent, the BLS Index for October, November, December 2021 represented an increase in excess of 14 percent over the base period.] BLS Index three-month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 2 Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 11.1(c)(5Percentage 11.1 (c)(5) In connection with each of the effective dates in Table 32, the computations set forth in 11.1(c)(4) will be made.

Cost of Living Adjustments. 11.1 (c)(1) Employees eligible to participate in the salary review adjustment funds under 11.1(b) may also receive Cost of Living Adjustments to the extent such adjustments become effective under and in accordance with all of the terms, conditions and limitations stated in 11.1(c). The terms, definitions, and limitations stated in 11.1(b) and 11.1(c) also apply to such adjustments. Cost of Living Adjustments would be delivered to each eligible employee separately from those selective adjustment funds derived in 11.1(b). Cost of Living Adjustments would be effective on the dates specified in Table 344. 11.1(c)(2) Determination of Cost of Living Adjustments shall be made in reference to the series U.S. city average "Consumer Price Index Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-1984 = 100, such Index being referred to herein as the BLS Index. 11.1 (c)(3) Computations will be made using the three-month average of the BLS Index for July, August and September, 2019 2015 (256.6233.3), as the base period. 11.1 (c)(4) During the life of this Agreement, Cost of Living Adjustments shall be computed using the three-month average of the BLS Index for the periods specified in Table 3 4 and the corresponding BLS Index threshold values expressed as percentage increases over the 2019 2015 base period. The formula will be: percentage of Cost of Living equals fifty (50) percent of the percentage increase in the BLS Index, from the 2019 2015 base period to the BLS Index Comparison Quarter, that exceeds the BLS Index Threshold Percentage, as shown in Table 34. In order to preclude recognition, on more than one effective date, of the same percentage increase in the BLS Index, any recognition on one effective date of a percentage increase over the applicable BLS Index Threshold Percentage will cause that percentage to be set aside and disregarded in ensuing computations. [e.g., if the BLS Index for October, November, December 2020 2015 represented an 8 a 12 percent increase over the base period (yielding a 1.0 percent Cost of Living Adjustment effective 3/12/213/17/17), no Cost of Living Adjustment would result for the 3/11/22 3/7/18 effective date unless, and to the extent, the BLS Index for October, November, December 2021 2017 represented an increase in excess of 14 22 percent over the base period.] BLS Index three-month averages, BLS Index increase percentages, and salary increase percentages will be rounded to the nearest tenth, with five hundredths rounded upward to the nearest tenth. TABLE 3 4 Effective Date of Adjustment BLS Index Comparison Quarter BLS Index Threshold Percentage 11.1(c)(5) In connection with each of the effective dates in Table 34, the computations set forth in 11.1(c)(4) will be made.