Common use of CPI Adjustments Clause in Contracts

CPI Adjustments. Effective September 1, 2014 and 2015, if the percentage wage increase in the Consumer Price Index “CPI-U” for the New York-Northern New Jersey-Long Island Area (All Urban, not seasonally adjusted) for the period July of the preceding year to June of the academic year to which the wage increase applies, is more than five (5%) percent, then the salary adjustment effective September 1 of that academic year shall be an additional one-quarter (.25%) percent for each one-half (.5%) percent increase in the CPI above five (5%) percent. However, in no event shall the increase exceed seven (7%) percent.

CPI Adjustments. Effective September 1, 2014 2019 and 20152020, if the percentage wage increase in the Consumer Price Index “CPI-U” for the New York-Northern New Jersey-Long Island Area (All Urban, not seasonally adjusted) for the period July of the preceding year to June of the academic year to which the wage increase applies, is more than five (5%) percent, then the salary adjustment effective September 1 of that academic year shall be an additional one-quarter (.25%) percent for each one-half (.5%) percent increase in the CPI CPI‌ above five (5%) percent. However, in no event shall the increase exceed seven (7%) percent.percent.‌

CPI Adjustments. Effective September 1, 2014 2019 and 20152020, if the percentage wage increase in the Consumer Price Index “CPI-U” for the New York-Northern New Jersey-Long Island Area (All Urban, not seasonally adjusted) for the period July of the preceding year to June of the academic year to which the wage increase applies, is more than five (5%) percent, then the salary adjustment effective September 1 of that academic year shall be an additional one-quarter (.25%) percent for each one-half (.5%) percent increase in the CPI above five (5%) percent. However, in no event shall the increase exceed seven (7%) percent.

CPI Adjustments. (a) Effective September 1, 2014 2023 and 20152024, if the percentage wage increase in the Consumer Price Index “"CPI-U” " for the New York-Northern New Jersey-Long Island Area (All Urban, not seasonally adjusted) for the period July of the preceding year to June of the academic year to which the wage increase applies, is more than five four (54%) percent, then the salary adjustment effective September 1 of that academic year shall be an additional one-quarter (.25%) percent for each one-half (.5%) percent increase in the CPI above five four (54%) percent. However, in no event shall the increase exceed seven six (76%) percent.