Percentage Adjustment. The percentage adjustment for a given year shall be determined as follows: (i) Calculate the percentage increase in the Pension Index as of January of the given year over the Pension Index as of January 1 of the immediate preceding year subject to a maximum increase to eight percent (8%) and (ii) Multiply the percentage increase obtained in (i) by fifty percent (50%).
Appears in 1 contract
Samples: Collective Bargaining Agreement
Percentage Adjustment. The percentage adjustment for a given year shall be determined as follows:
(i) : Calculate the percentage increase in the Pension Index as of January of the given current year over the Pension Index as of January 1 of the immediate preceding year subject to a maximum increase to eight percent (8%) and
(ii) and Multiply the percentage increase obtained in (i) above by fifty percent (50%).
Appears in 1 contract
Samples: Collective Bargaining Agreement
Percentage Adjustment. The percentage adjustment for a given year shall be determined as follows:
(i) Calculate the percentage increase in the Pension Index as of January of the given current year over the Pension Index as of January 1 of the immediate preceding year subject to a maximum increase to eight percent (8%) ), and
(ii) Multiply the percentage increase obtained in (i) above by fifty percent (50%).. L8.04
Appears in 1 contract
Samples: Collective Bargaining Agreement
Percentage Adjustment. The percentage adjustment for a given year shall be determined as follows:
(i) : Calculate the percentage increase in the Pension Index as of January of the given current year over the Pension Index as of January 1 of the immediate preceding year year, subject to a maximum increase to eight percent (8%) and
(ii) and Multiply the percentage increase obtained in (i) by fifty percent (50%).
Appears in 1 contract
Samples: Collective Bargaining Agreement
Percentage Adjustment. The percentage adjustment for a given year shall be determined as follows:
(i) Calculate the percentage increase in the Pension Index as of January of the given current year over the Pension Index as of January 1 of the immediate preceding year subject to a maximum increase to eight percent (8%) ), and
(ii) Multiply the percentage increase obtained in (i) above by fifty percent (50%).
Appears in 1 contract
Samples: Collective Agreement
