Common use of Cost of Living Clause in Contracts

Cost of Living. A price index to measure cost of living is the Regional Price Index (RPI) and such indexes will be developed in early 2011 and 2013. The components that will be surveyed are as stated in Schedule I of this General Agreement. The parties shall consult on the towns to be included as part of the survey. The calculations for the cost of living effective from 1 July 2011 and 2013 shall be based on the RPIs developed in these years. The cost of living will be calculated by multiplying the RPIs with the relevant annual salary of a Public Service General Agreement 2008, or as replaced, classification level 1.1 effective on 1 July in each year. The cost of living component used in the aggregate District Allowance rate will rise and fall according to the actual calculation, and will not be maintained at the previous amount if there is a reduction.

Cost of Living. A price index to measure cost of living is the Regional Price Index (RPI) and such indexes will be developed in early 2011 and 2013. The components that will be surveyed are as stated in Schedule I of this General Agreement. The parties shall consult on the towns to be included as part of the survey. The calculations for the cost of living effective from 1 July 2011 and 2013 shall be based on the RPIs developed in these years. The cost of living will be calculated by multiplying the RPIs with the relevant annual salary of a Public Service General Agreement 2008, or as replaced, classification level level 1.1 effective on 1 July in each year. The cost of living component used in the aggregate District Allowance rate will rise and fall according to the actual calculation, and will not be maintained at the previous amount if there is a reduction.