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2023-10-04T21:06:40Z

Section 9.3 Cost of Living Adjustment

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	=== ~~Section~~ 9.3 Cost of Living Adjustment ===		=== § 9.3 Cost of Living Adjustment ===
	A Definitions		A Definitions
	1. "Consumer Price Index" refers to the "National Consumer		1. "Consumer Price Index" refers to the "National Consumer

Admin: Created page with "=== Section 9.3 Cost of Living Adjustment === A Definitions 1. "Consumer Price Index" refers to the "National Consumer Price Index for Urban Wage Earners and Clerical Work- ers," published by the Bureau of Labor Statistics, United States Department of Labor (1967=100) and referred to herein as the "Index." 2. "Consumer Price Index Base" refers to the Consumer Price Index for the month of July 2022 and is referred to herein as the "Base Index." B Effective Dates of Adjust..."

2023-09-30T17:38:53Z

Created page with "=== Section 9.3 Cost of Living Adjustment === A Definitions 1. "Consumer Price Index" refers to the "National Consumer Price Index for Urban Wage Earners and Clerical Work- ers," published by the Bureau of Labor Statistics, United States Department of Labor (1967=100) and referred to herein as the "Index." 2. "Consumer Price Index Base" refers to the Consumer Price Index for the month of July 2022 and is referred to herein as the "Base Index." B Effective Dates of Adjust..."

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=== Section 9.3 Cost of Living Adjustment ===
A Definitions
1. "Consumer Price Index" refers to the "National Consumer
Price Index for Urban Wage Earners and Clerical Work-
ers," published by the Bureau of Labor Statistics, United
States Department of Labor (1967=100) and referred to
herein as the "Index."
2. "Consumer Price Index Base" refers to the Consumer Price
Index for the month of July 2022 and is referred to herein
as the "Base Index."
B Effective Dates of Adjustment
Each eligible employee covered by this Agreement shall receive
cost-of-living adjustments, upward, in accordance with the for-
mula in 4.C, below, effective on the following dates:
- the second full pay period after the release of the January 2023
Index
- the second full pay period after the release of the July 2023 In-
dex
- the second full pay period after the release of the January 2024
Index
- the second full pay period after the release of the July 2024 In-
dex
- the se
- the second full pay period after the release of the July 2025 In-
dex
C The basic salary schedule provided for in Table One and Step P
of Table Two of this Agreement shall be increased 1 cent per
hour for each full 0.4 of a point increase in the applicable Index
above the Base Index. For example, if the increase in the Index
from January 2023 to July 2023 is 1.2 points, pay scales for
employees in Table One and Step P of Table Two of this
Agreement will be increased by 3 cents per hour. In no event
will a decline in the Index below the Base Index result in a de-
crease in the pay scales provided for in this Agreement. Steps
BB through O in the basic salary schedules provided for in Ta-
ble Two of this Agreement shall receive COLAs calculated us-
ing the formula in this paragraph, adjusted proportionally as re-
flected in Table Two.
D In the event the appropriate Index is not published on or before
the beginning of the effective payroll period, any adjustment re-
quired will be made effective at the beginning of the second
payroll period after publication of the appropriate Index.
E No adjustment, retroactive or otherwise, shall be made due to
any revision which may later be made in the published figures
for the Index for any month mentioned in 4.B., above.
F If during the life of this Agreement, the BLS ceases to make
available the CPI-W (1967=100), the parties agree to use the
CPI-W (1982-84=100) at such time as BLS ceases to make
available the CPI-W (1967=100). At the time of change to the
CPI-W (1982-84=100), the cost-of-living formula in Section
9.3C will be recalculated to provide the same cost-of-living ad-
justment that would have been granted under the formula using
the CPI-W (1967=100).

§ 9.3 NA2022 - Revision history

Admin: /* Section 9.3 Cost of Living Adjustment */