Cost of Living Factor definition

Cost of Living Factor means the factor used when this policy’s cost of living benefit is computed.

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.

Cost of Living Factor means a school district's cost

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, on July 1 of each year, the Member, Spouse and Beneficiary have been in receipt of pension payments for less than twelve (12) months in aggregate, the Post-Retirement Cost of Living Factor shall be pro-rated over the number of months for which pension payments have been made.

• 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.

• Once the Member’s pension has commenced, the Post-Retirement Cost of Living Factor will take effect from July 1 of the calendar year after the Member’s Pension Commencement Date, on the condition that the Member has received at least one regular monthly pension payment prior to such July 1.

• For this purpose, any reference to “July 1” under this Section shall read as “May 1” and the adjustment at May 1, 2009 shall be at the rate of ten-twelfths (10/12) of the Post-Retirement Cost of Living Factor for such year subject to further pro-ration, as described above, if the pension has been in payment for less than ten (10) months.

More Definitions of Cost of Living Factor

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.

Cost of Living Factor means the cost of living adjustment prescribed by the Secretary of the Treasury under Code §415(d).

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).

Cost of Living Factor means the cost of living factor prescribed by the Secretary of the Treasury under Section 415(d) of the Code, as applied to such items and in such manner as the Secretary may provide.

Cost of Living Factor for any Adjustment Date during the Lease Term shall be a fraction whose numerator is the index figure stated as the Consumer Price Index for All Urban Consumers (CPI-U; U.S. City Average; All Items 1982-84=100) published by the Bureau of Statistics of the United States Department of Labor (the "INDEX") for the month in which the Adjustment Date occurs (or the most recent available Index if the Index for the month in which the Adjustment Date occurs is not available) and whose denominator is the Index in effect on the Effective Date, in the case of the first adjustment hereunder, or the Index used for the immediately preceding Adjustment Date, in the case of all adjustments after the first adjustment hereunder. If the Index is discontinued, the Cost of Living Factor shall be based on comparable statistics on changes in the purchasing power of the consumer dollar for the applicable periods, as published by a responsible financial periodical report of a recognized governmental or private authority then generally recognized for such purposes, all as selected by Landlord.

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 In the event Lessee exercises the Option herein described, all terms and conditions of this Lease unless otherwise specified shall apply other than the terms for Fixed Rent, which shall be as specified in the Notice described above.

Cost of Living Factor. , for any year shall mean the ratio of