COST OF LIVING ALLOWANCE (COLA). A. For the term of this Agreement, a cost-of-living-allowance (COLA) of twenty cents ($.20) per hour will be paid for each credited payroll hour paid.
B. Payments will be made quarterly, by separate check, no later than thirty-five (35) days following the last day of the previous quarter of a year.
C. Effective January 1, 2006, cost-of-living-allowance (COLA) will be eliminated and $.20 per hour will be added to and made a part of the maximum salary of all classifications.
COST OF LIVING ALLOWANCE (COLA). (a) In addition to the wage increases, the Company will grant COLA allowances as follows: The COLA allowance, if any, will be determined in accordance with changes in the Consumer Price Index – United States City Average for Urban Wage Earners and Clerical Workers (CPI-W)(1967-100), as amended for the month of January 2004 and subsequent months, hereinafter referred to the CPI-W. The base CPI-W on the day of original ratification of the USEC contract was 453.6, which shall be the base for future adjustments. The COLA rate as of the day of original contract ratification is $11.52, effective February 5, 2007. Based on Three-Month Effective Date of Adjustment
COST OF LIVING ALLOWANCE (COLA). The parties agree that during the life of the collective agreement for the period of July 1, 2018 to June 30, 2022, where articles in the body of the agreement use the term COLA for clauses or tables pertaining to wages or allowances, COLA shall be calculated as follows: Dated this day of , 2021. Negotiations Chair President Secretary-Treasurer Business Agent
COST OF LIVING ALLOWANCE (COLA). Employees working at the Halifax airport will receive a COLA bonus of forty-three cents ($0.43) per hour worked. For the purposes of calculating the bonus set out by this letter of understanding, only the following hours will be utilized: Regular hours worked, Overtime hours (paid at the regular premium rate), Worked Statutory Holidays (paid at the regular premium rate), Paid sick leave, Paid bereavement leave and other paid leaves of absence. Vacation Pay, Statutory Holiday Pay and unpaid leaves of absences will not be utilized.
COST OF LIVING ALLOWANCE (COLA). The Company agrees to provide a cost of living allowance determined in the manner hereinafter set forth in accordance with changes in the official Ontario Consumer Price Index, published by Statistics Canada (1992 = 100), and hereinafter referred to as the CPI. The “Average CPI” is defined to be the average CPI for the 3 months prior to the measurement point. For example, the Average CPI at June 2002 is the average of the CPI at the end of March 2002 (119.5), April 2002 (119.5) and May 2002 (119.5) or 119.50. Cost of Living adjustments will be made upward quarterly as indicated in the Average CPI, but in no event will a decline in the Average CPI below that of 119.5 provide a basis of reduction in the wages set forth in this agreement. The first COLA adjustment shall be made on October 7, 2002 comparing the Average CPI at September 2002 to the base Average CPI at June 2002. Subsequent COLA adjustments will be made according to the following schedule: 70 Effective Date of Cost of Living Adjustment Each Year: Based on the Average CPI At: October 7, 2002 (for October 1, 2002) September 2002 January 6, 2003 (for January 1, 2003) December 2002 April 7, 2003 (for April 1, 2003) March 2003 July 7, 2003 (for July 1, 2003) June 2003 October 6, 2003 (for October 1, 2003) September 2003 January 5, 2004 (for January 1, 2004) December 2003 April 5, 2004 (for April 1, 2004) March 2004 July 5, 2004 (for July 1, 2004) June 2004 October 4, 2004 (for October 1, 2004) September 2004 January 3, 2005 (for January 1, 2005) December 2004 April 4, 2005 (for April 1, 2005) March 2005 At each quarterly measurement point, the Average CPI will be compared to the Average CPI at June 2002 (119.50). The amount of the cost of living adjustment shall be one cent ($0.01) per hour for each whole 0.0589 increase in the Average CPI less the cumulative cost of living adjustment as at the prior quarterly measurement point. The continuance of the cost of living allowance shall be contingent upon the availability of the official monthly CPI calculated on the same basis and in the same form as published in 1992. However, if during the life of the Agreement, this method should be replaced by another method of computing the index, the parties will meet to determine the method of converting the escalator formula for wage rate adjustments. The Cost of Living allowance will be also included in computing overtime pay, holiday pay, vacation pay, jury duty pay and bereavement pay.
COST OF LIVING ALLOWANCE (COLA). 17.01 The parties agree that a Cost of Living Allowance (COLA) shall be paid to Staff Representatives. The parties agree this clause is not in effect. To clarify, this clause does not affect retirees.
17.02 COLA shall be adjusted up or down on a quarterly basis with the first adjustment applicable with the first pay period on or after September 1, 2013, with further adjustments every three (3) months thereafter, with the last adjustment occurring for the first pay period on or after June 1, 2016.
17.03 The amount of each COLA adjustment shall be calculated in accordance with the COLA formula – 1¢ adjustment per hour for each .038 change in the 2002 Index, converted to an annual amount.
17.04 COLA will not be included when calculating percentage increases on base salary, however, the amount of COLA in place shall be used in all computations for which salaries are used; including but not limited to vacation pay, severance pay, pensions.
COST OF LIVING ALLOWANCE (COLA). A COLA shall be defined based on the following terms and conditions:
COST OF LIVING ALLOWANCE (COLA). During the term of this Agreement, there shall be a cost-of-living allowance (COLA) as set forth below. The term "Consumer Price Index (C.P.I.)" as used in this article shall mean the Canadian Consumer Price Index - All Items (1971=100) as published monthly by STATS CAN.
COST OF LIVING ALLOWANCE (COLA). Effective January 1, 2006, the cost-of-living allowance based on the Consumer Price Index, Canada, all items (1986=100) shall be paid once in every period as defined below to all other employees in accordance with the following:
COST OF LIVING ALLOWANCE (COLA). 40.01 During the term of this agreement, COLA is frozen until October 1, 2021. At that time, COLA will be paid as outlined below. The amount of the cost-of-living adjustment shall be determined in accordance with changes in the Consumer Price Index on the base 2002=100 (Canada), hereafter referred to as the "2002 CPI."
