colas

Cost Of Living Adjustment Clauses Colas. Department of labor, bureau of labor statistics’ consumer price ind. The parties agree to a cola provision for 1993 and 1994 as set out below:

Effective the first full pay period following july 1, 2021, employees shall receive base pay rate increase of three percent (3.0%) above the base pay rate in effect june 30, 2021. Sep 11, 2020 · thus the terms cost of living adjustment and cost of living allowance are often used interchangeably. In our example, $500,000 multiplied by the inflation factor of 1.361 equals $680,500.