Cost of Living Factor definition

Cost of Living Factor means the factor used when this policy’s cost of living benefit is computed.
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Cost of Living Factor for any year shall mean, except as otherwise provided generally with respect to the Plan by the Company's Board of Directors, the quotient (in no event to exceed 1.03 or to be less than .97) obtained by dividing the monthly Consumer Price Index Number (as compiled in the Consumer Price Index for Urban Consumers by the Bureau of Labor Statistics) for the month of December in such year by the monthly Consumer Price Index Number for the immediately preceding month of December.
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Cost of Living Factor means the percentage of cost of living increase (or decrease) using the Victoria Consumer Price Index (CPI) from Statistics Canada obtained from CRD Information Services.
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Examples of Cost of Living Factor in a sentence

  • Cost of Living Factor -- the cost of living factor reflects the differences in the costs of housing, goods, and services among each of the 178 school districts in the state.

  • If in any one year, the Post-Retirement Cost of Living Factor is in excess of 1.05, it may be reduced to the extent deemed necessary by the Pension Committee on the advice of the Actuary.

  • Subject to Section 6.07, the pension of each Member, Spouse or Beneficiary receiving pension payments shall be adjusted on July 1 of each year, on the condition that the Member has received at least one regular monthly pension payment prior to July 1, by multiplying the then current amount of such pension by the Post-Retirement Cost of Living Factor for such year.

  • If in any one year, the Post-Retirement Cost of Living Factor is in excess of 1.0375, it may be reduced to the extent deemed necessary by the Pension Committee on the advice of the Actuary.

  • In any year in which the Post-Retirement Cost of Living Factor is less than or equal to 1.0375, it shall be applied in accordance with Section 7.02 and in any year in which the Post-Retirement Cost of Living Factor is in excess of 1.0375, the Post-Retirement Cost of Living Factor may be reduced as described in the following paragraph, but not to a factor that is less than 1.0375.


More Definitions of Cost of Living Factor

Cost of Living Factor means the cost of living factor prescribed by the Secretary of the Treasury under Code Section 415(d), as applied to such items and in such manner as the Secretary may provide.
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Cost of Living Factor means the cost of living adjustment prescribed by the Secretary of the Treasury under Code §415(d).
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Cost of Living Factor far any date during a given Rental Period shall be a fraction whose numerator is the index figure for the calendar month immediately preceding that date at stated in the Consumer Price Index for All Consumers (1982-1984 = 100) specified for All Items relating to Los Angeles-Long Beach-Anaheim published by the Bureau of Statistics of the United States Department of Labor and whose denominator is the index figure for such Consumer Price Index for the calendar month immediately preceding such Rental Period; provided, however, that the Cost of Living Factor shall never be less than one (I).
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Cost of Living Factor means the percentage cost of living increase (or decrease) using the Victoria Consumer Price Index (CPI) from Statistics
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Cost of Living Factor shall be computed as follows using the Northeast Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor: (a) The index number indicated in the row entitled "all items" for the month of February, 1991 shall be the "Base Index Number"; and the corresponding index number for the month of May, 1995 shall be
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Cost of Living Factor. , for any year shall mean the ratio of
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Cost of Living Factor means a school district's cost
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