Wage Protection. Article 19.01 shall not have any effect during the term of the agreement. 19.01 For the second year of this Agreement, commencing December 1, 2000, a Wage Protection will operate in the following manner: (a) A base index shall be established at over the C.P.I. Index for November, 2000 (Base 1981 = 100) (b) A cost of living adjustment shall be made quarterly on the basis of a formula of 0.01 (1 cent) for each 0.35 full point rise in C.P.I., over the base index. (c) Such adjustment, if any, shall be made the first full pay period following the publishing of the Consumer Price Index. (d) The amount of any cost of living allowance in effect at any time shall not be added to an employee’s applicable standard hourly rate and will be paid for straight time hours worked only, will not be paid for overtime hours, premium hours or used as basis for calculation of overtime, and will not be included for the calculation of vacation pay. (e) In the event Statistics Canada shall not issue the appropriate Consumer Price Indexes on or before the beginning of one of the dates of adjustment, any adjustment in the cost of living allowance required by such appropriate indexes shall be effective at the beginning of the first pay period after receipt of the Indexes. (f) The parties to this Agreement agree that the continuance of the cost of living allowance is dependent upon the availability of the monthly C.P.I. in its present form and calculated on the same basis as the Index for September, 1981, unless otherwise agreed upon by the parties. If Statistics Canada changes the form or the basis of calculating the C.P.I., the parties agree to request Statistics Canada to make available a C.P.I., in it's present form and calculated on the same basis as the Index for September, 1987.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Wage Protection. Article 19.01 shall not have any effect during the term of the agreement.
19.01 For the second year of this Agreement, commencing December 1, 2000, a Wage Protection will operate in the following manner:
(a) A base index shall be established at 2.3% over the C.P.I. Index for November, 2000 (Base 1981 = 100)
(b) A cost of living adjustment shall be made quarterly on the basis of a formula of 0.01 (1 cent) for each 0.35 full point rise in C.P.I., over the base index.
(c) Such adjustment, if any, shall be made the first full pay period following the publishing of the Consumer Price Index.
(d) The amount of any cost of living allowance in effect at any time shall not be added to an employee’s 's applicable standard hourly rate and will be paid for straight time hours worked only, will not be paid for overtime hours, premium hours or used as basis for calculation of overtime, and will not be included for the calculation of vacation pay.
(e) In the event Statistics Canada shall not issue the appropriate Consumer Price Indexes on or before the beginning of one of the dates of adjustment, any adjustment in the cost of living allowance required by such appropriate indexes shall be effective at the beginning of the first pay period after receipt of the Indexes.
(f) The parties to this Agreement agree that the continuance of the cost of living allowance is dependent upon the availability of the monthly C.P.I. in its present form and calculated on the same basis as the Index for September, 1981, unless otherwise agreed upon by the parties. If Statistics Canada changes the form or the basis of calculating the C.P.I., the parties agree to request Statistics Canada to make available a C.P.I., in it's present form and calculated on the same basis as the Index for September, 1987.
Appears in 1 contract
Samples: Collective Agreement
