BLS Index definition

BLS Index means the index for January of the year in question represented by the Producer Price Index for Industrial Commodities as published by the Bureau of Labor Statistics, U.S. Department of Labor, using the year 1982 as the base index equal to 100. If, at any time, the above index should cease to be published, then another suitable index published by the U.S. Government or other authoritative organization and generally recognized by the trade as authoritative with respect to changes in the U.S. of equivalent commodity costs will be used.

BLS Index as used with respect to a particular calendar year, shall mean the average of the monthly indices for the consecutive twelve [12] month period ending October 31 of the preceding calendar year from the "Producers Price Index of Industrial Commodities" as published by the Bureau of Labor Statistics, United States Department of Labor, using the year 1982 as the base index equal to 100. If , at any time, the above index should cease to be published, then another suitable index shall be substituted upon notice by UNOCAL to NATIONAL.

BLS Index means the Producer Price Index for Finished Goods (1982=100), published by the Bureau of Labor Statistics, United States Department of Labor. If the Bureau of Labor Statistics shall discontinue publication of said BLS Index or shall adopt a new method of computing the BLS Index, the parties agree to use a published price index as comparable as possible to the BLS Index prior to the change in such method.

Examples of BLS Index in a sentence

• The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index.

• The “Current Period Index” is the average of the most recent twelve months of non- preliminary BLS Index values, and the “Base Period Index” is the average of the twelve months of non-preliminary BLS Index values prior to the Current Period Index.

• Determination of the potential Cost of Living Lump Sum Payment shall be made in reference to the new series "All City Average of the Consumer Price Index for Urban Wage Earners and Clerical Workers" published by the Bureau of Labor Statistics, U.S. Department of Labor, with the following base period: 1982-84 = 100, such index being referred to herein as the BLS Index.

• In the event that the BLS Index is discontinued or the titles, codes or methodology revised, a new index shall be promptly identified and incorporated into the agreement upon mutual agreement between CITY and CONTRACTOR.

• Determination of the cost of living allowance shall be made by reference to the Consumer Price Index for Urban Wage Earners and Clerical Workers published by the Bureau of Xxxxx Xxxxxxxxxx, Xxxxxx Xxxxxx Xxxxxxxxxx xx Xxxxx, Xxxxxx Xxxxxx all Cities Average (1967 = 100) hereinafter referred to as BLS Index.

• APPENDIX C SALARY SCHEDULES The following four pages include updated salary schedules for the below dates • July 1, 2019 • July 1, 2020 • July 1, 2021 • July 1, 2022 APPENDIX E COST OF LIVING ALLOWANCE To insure understanding concerning computation of COLA adjustments the: increase will be based upon the BLS, CPI as of as compared to the BLS Index as of .

• In the event that any BLS Index referred to herein is not officially published on or before the Wednesday immediately preceding the effective date on which a cost-of-living adjustment would be made, such adjustment will be made effective the Monday following the first Wednesday such BLS Index is officially available.

• Determination of the cost of living allowance shall be made by reference to the Consumer Price Index for Urban Wage Earners and Clerical Workers published by the Bureau of Labor Statistics, United States Department of Labor, United States all Cities Average (1967 = 100) hereinafter referred to as BLS Index.

• By way of example only, if the US All Cities CPI-U June to June BLS Index is 1.3%, the COLA wage increase for 2022 will be 1.3%.

• Effective January 1, 2022: All bargaining unit employees shall receive a COLA wage increase of a minimum of 1% and a maximum of 2% based upon US All Cities CPI-U June to June BLS Index.

More Definitions of BLS Index

BLS Index means BLS Series WPUFD4131 (PPI - Final demand – Finished goods less foods and energy).