Common use of COST-OF-LIVING (COLA Clause in Contracts

COST-OF-LIVING (COLA. All seniority employees who have completed their appropriate wage progression schedule shall be covered by the provisions of a cost-of- living allowance, as set forth in this Agreement. Employees who have not completed their appropriate wage progression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedules. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using 1982-1984 Expenditure Patterns), All Items (1982-84 = 100), published by the Bureau of Labor Statistics, U.S. Department of Labor” and referred to herein as the “Index”. Effective August 1, 20194 and every August 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 20194 (published June 20194) and every May thereafter, and the base Index for May 20183 (published June 20183) and every May thereafter, as follows: For every two tenths (0.2) point increase in the Index, over and above the base (prior year’s) Index plus three percent (3.0%) there will be a one (1) cent increase in the hourly wage rates payable on August 1, 20194 and every August 1 thereafter. These increases shall only be payable if they equal five cents ($.05) in a year. All cost-of-living allowances paid under this Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each one (1) cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 7 contracts

Samples: United Parcel Service Agreement, National Master Agreement, United Parcel Service Agreement

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COST-OF-LIVING (COLA. All seniority employees who have completed their appropriate wage progression schedule shall be covered by the provisions of a cost-of- of-living allowance, as set forth in this Agreement. Employees who have not completed their appropriate wage progression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedules. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the "Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using 1982-1984 Expenditure Patterns), All Items (1982-84 = 84= 100), published by the Bureau of Labor Statistics, U.S. Department of Labor" and referred to herein as the "Index". Effective August 1, 20194 2003 2009, and every August 1 thereafter during the life of the Agreement, a cost-cost- of-living allowance will be calculated on the basis of the difference between the Index for May 20194 2003 2009 (published June 201942003 2009) and every May thereafter, and the base Index for May 20183 2002 2008 (published June 201832002 2008) and every May thereafter, as follows: For every two tenths (0.2) 0.2 point increase in the Index, over and above the base (prior year’s) Index plus three percent (3.0%) % there will be a one (1) 1 cent increase in the hourly wage rates payable on August 1, 20194 2003 2009, and every August 1 thereafter. These increases shall only be payable if they equal five cents ($.05) cents in a year. All cost-of-living allowances paid under this Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each one (1) 1 cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 2 contracts

Samples: National Master United Parcel Service Agreement, National Master United Parcel Service Agreement

COST-OF-LIVING (COLA. All seniority employees who have completed their appropriate wage progression schedule shall be covered by the provisions of a costcost- of-of- living allowance, allowance as set forth in this Agreement. Employees who have not completed their appropriate wage progression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedules. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using Using 1982-1984 84 Expenditure Patterns), All Items (1982-84 = 10084=100), published by the Bureau of Labor Statistics, U.S. Department of Labor” and referred to herein as the “Index”. Effective August 1, 20194 2003, and every August 1 thereafter during the life of the Agreementagreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 20194 2003 (published June 201942003) and every May thereafter, and the base Index for May 20183 2002 (published June 201832002) and every May thereafter, as follows: For every two tenths (0.2) 0.2 point increase in the Index, over and above the base (prior year’s) Index plus three percent (3.0%) % there will be a one (1) 1 cent increase in the hourly wage rates payable on August 1, 20194 2003, and every August 1 thereafter. These increases shall only be payable if they equal five cents ($.05) cents in a year. All cost-of-living allowances paid under this Agreement agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each one (1) cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 1 contract

Samples: National Master United Parcel Service Agreement

COST-OF-LIVING (COLA. All seniority employees who have completed their appropriate wage progression schedule shall be covered by the provisions of a cost-of- of-living allowance, as set forth in this Agreement. Employees who have not completed their appropriate wage progression pro- gression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedules. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using 1982-1984 Expenditure Patterns), All Items (1982-84 = 100), published by the Bureau of Labor Statistics, U.S. Department of Labor” and referred to herein as the “Index”. Effective August 1, 20194 2009 14 and every August 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated calcu- lated on the basis of the difference between the Index for May 20194 2009 14 (published June 201942009 14) and every May thereafter, and the base Index for May 20183 2008 13 (published June 201832008 13) and every May thereafter, as follows: For every two tenths (0.2) point increase in the Index, over and above the base (prior year’s) Index plus three percent (3.0%) there will be a one (1) cent increase in the hourly wage rates payable on August 1, 20194 2009 14 and every August 1 thereafter. These increases shall only be payable if they equal five cents ($.05) in a year. All cost-of-living allowances paid under this Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction reduc- tion of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each one (1) cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted sub- mitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.

Appears in 1 contract

Samples: United Parcel Service Agreement

COST-OF-LIVING (COLA. All seniority employees who have completed their appropriate wage progression schedule shall be covered by the provisions of a cost-of- living allowance, as set forth in this Agreement. Employees who have not completed their appropriate wage progression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedules. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using 1982-1984 Expenditure Patterns), All Items (1982-84 = 100), published by the Bureau of Labor Statistics, U.S. Department of Labor” and referred to herein as the “Index”. Effective August 1, 20194 2014 and every August 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 20194 2014 (published June 201942014) and every May thereafter, and the base Index for May 20183 2013 (published June 201832013) and every May thereafter, as follows: For every two tenths (0.2) point increase in the Index, over and above the base (prior year’s) Index plus three percent (3.0%) there will be a one (1) cent increase in the hourly wage rates payable on August 1, 20194 2014 and every August 1 thereafter. These increases shall only be payable if they equal five cents ($.05) in a year. All cost-of-living allowances paid under this Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each one (1) cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.reduction

Appears in 1 contract

Samples: National Master United Parcel Service Agreement

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COST-OF-LIVING (COLA. All seniority employees who have completed their appropriate wage progression schedule shall be covered by the provisions of a cost-of- of-living allowance, as set forth in this Agreement. Employees who have not completed their appropriate wage progression pro- gression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedules. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using 1982-1984 Expenditure Patterns), All Items (1982-84 = 100), published by the Bureau of Labor Statistics, U.S. Department of Labor” and referred to herein as the “Index”. Effective August 1, 20194 2014 and every August 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 20194 2014 (published June 201942014) and every May thereafter, and the base Index for May 20183 2013 (published June 201832013) and every May thereafter, as follows: For every two tenths (0.2) point increase in the Index, over and above the base (prior year’s) Index plus three percent (3.0%) there will be a one (1) cent increase in the hourly wage rates payable on August 1, 20194 2014 and every August 1 thereafter. These increases shall only be payable if they equal five cents ($.05) in a year. All cost-of-living allowances paid under this Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction reduc- tion of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each one (1) cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and binding.the

Appears in 1 contract

Samples: National Master United Parcel Service Agreement

COST-OF-LIVING (COLA. All seniority employees who have completed their appropriate wage progression schedule wages rates shall be covered by the provisions of a cost-of- of living allowance, allowance as set forth in this Agreement. Employees who have not completed their appropriate wage progression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedulesArticle. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using Using 1982-1984 84 Expenditure Patterns), All Items (1982-84 = 10084=100), published by the Bureau of Labor Statistics, U.S. Department of Labor” Labor and referred to herein as the “Index”. Effective August April 1, 20194 2022, and every August April 1 thereafter during the life of the agreement (with the final adjustment being the last April 1 of this Agreement), a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 20194 January, 2021 (published June 20194February 2022) and every May thereafter, and the base Index for May 20183 January, (published June 20183February ) and with a similar calculation for every May year thereafter, as follows: For every two tenths (0.2) 0.2 point increase in the Index, Index over and above the base (prior year’s) Index plus three percent (3.0%) , there will be a one (1) 1 cent increase in the hourly wage rates payable on August April 1, 20194 , and every August April 1 thereafter. These increases shall only be payable if they equal a minimum of five cents ($.05) in a year. Further, the maximum COLA increase that will be payable in any given year is twenty-five cents ($0.25), and there will be no carry-over for future year COLA adjustments as a result of the operation of this cap on COLA increases; each year will be evaluated independently and on a stand-alone basis under the formula set forth above. All cost-of-living allowances paid under this Agreement agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduction of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile This Article 32 expressly supersedes and overrides any COLA provision in any local supplement unless such supplemental provisions provide for each one (1) cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator’s decision shall be final and bindinga greater increase.

Appears in 1 contract

Samples: Master Agreement

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