COST OF LIVING ALLOWANCE. Effective October 1, 2001 COLA will recommence. The base for this purpose shall be the CPI index for May, 2001. COLA adjustments, commencing October 1, 2001 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion by the parties prior to amending their provision.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Agreement, Collective Agreement
COST OF LIVING ALLOWANCE. 32.01 Effective October 1, 2001 COLA will recommence. The base for this purpose shall be the CPI index for May, 2001. COLA adjustments, commencing October 1, 2001 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion by the parties prior to amending their provision.
Appears in 1 contract
Samples: Collective Agreement
COST OF LIVING ALLOWANCE. Effective October 1, 2001 COLA will recommence. The base for this purpose shall be the CPI index for May, 2001. COLA adjustments, commencing October 1, 2001 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment adjust- ment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion dis- cussion by the parties prior to amending their provision.
Appears in 1 contract
Samples: Collective Agreement
COST OF LIVING ALLOWANCE. 32.01 Effective October November 1, 2001 2013 COLA will recommence. The base for this purpose shall be the CPI index for May, 2001August 2013. COLA adjustments, commencing October November 1, 2001 2013 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion by the parties prior to amending their provision.
Appears in 1 contract
Samples: Collective Agreement
COST OF LIVING ALLOWANCE. 32.01 Effective October November 1, 2001 2019 COLA will recommence. The base for this purpose shall be the CPI index for May, 2001August 2019. COLA adjustments, commencing October November 1, 2001 2019 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion by the parties prior to amending their provision.
Appears in 1 contract
Samples: Collective Agreement
COST OF LIVING ALLOWANCE. Effective October November 1, 2001 2013, COLA will recommence. The base for this purpose shall be the CPI index for May, 2001August 2013. COLA adjustments, commencing October November 1, 2001 2013 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion by the parties prior to amending their provision.
Appears in 1 contract
Samples: Collective Agreement
COST OF LIVING ALLOWANCE. 32.01 Effective October November 1, 2001 2016, COLA will recommence. The base for this purpose shall be the CPI index for May, 2001August 2016. COLA adjustments, commencing October November 1, 2001 2016 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion by the parties prior to amending their provision.
Appears in 1 contract
Samples: Collective Agreement
COST OF LIVING ALLOWANCE. Effective October November 1, 2001 2013 COLA will recommence. The base for this purpose shall be the CPI index for May, 2001August 2013. COLA adjustments, commencing October November 1, 2001 2013 will be determined by comparing the average index for the previous applicable three-month period to the base described above, payable on a quarterly basis. The formula provides a one cent (1¢) adjustment for each 0.125 change in the average Consumers Index (1992 = 100). The COLA adjustment will be folded into the base wage rates as they become payable. There will be no reduction in hourly rates should there be a decrease in the CPI. In the event that Statistics Canada ceases to publish the monthly CPI in its present form, such change shall be the subject of discussion by the parties prior to amending their provision.
Appears in 1 contract
Samples: Collective Agreement