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Common use of Indexation Clause in Contracts

Indexation. Effective January 1, 2009 and continuing on January 1, 2010 and January 1, 2011, members who have retired since January 3, 1984 shall receive a lump sum payment equal to 1.5% of their annualized pension.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Indexation. Effective January 1, 2009 2021 and continuing on January 1, 2010 2022 and January 1, 20112023, members who have retired since January 3, 1984 shall receive a lump sum payment equal to 1.5% of their annualized pension.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Indexation. Effective January 1, 2009 2018 and continuing on January 1, 2010 2019 and January 1, 20112020, members who have retired since January 3, 1984 shall receive a lump sum payment equal to 1.5% of their annualized pension.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Indexation. Effective January 1, 2009 2015 and continuing on January 1, 2010 2016 and January 1, 20112017, members who have retired since January 3, 1984 shall receive a lump sum payment equal to 1.5% of their annualized pension.

Appears in 1 contract

Samples: Collective Bargaining Agreement