Annual Cost Of Living Increase Clause

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Cost of Living Increase Sample Clauses - Law Insider

https://www.lawinsider.com/clause/cost-of-living-increase

Cost of Living Increase. On each anniversary date of this Agreement during the term hereof or any extension, Base Salary shall be increased by the greater of (i) six (6%) percent of then existing Base Salary, or (ii) the percentage increase, if any, of the consumer price index for Urban Wage Earners and Clerical Workers (Greater Metropolitan Miami area; all items) issued by the Bureau of Labor Statistics …

Cost of Living Adjustment Sample Clauses

https://www.lawinsider.com/clause/cost-of-living-adjustment

Cost of Living Adjustment. Following the first year of the Initial Term, unless the parties shall otherwise agree pursuant to Section 12.1 hereof, the Complex Base Fee for the services shall be increased annually by the percentage increase for the twelve-month period of such previous calendar year of the CPI-W or, in the event that publication of such index is terminated, any successor or substitute index.

Cost-of-living Clause Law and Legal Definition USLegal, Inc.

https://definitions.uslegal.com/c/cost-of-living-clause/

Cost-of-living clause is a provision in a contract or lease. The cost-of-living provision provides an automatic wage, rent, or benefit increase tied in some way to cost-of-living rises in the economy. A cost-of-living clause may also cover a decrease, even though this is uncommon. In a long term contract, the cost-of-living provision adjusts the price paid for the goods or services received in an amount …

Cost-of-living Adjustment (COLA)

https://inflationdata.com/articles/cost-of-living/costofliving-adjustment-cola/

Sep 11, 2020 · Cost-of-living Adjustment (COLA) Many pension benefits, employment contracts and government entitlements (such as Social Security) contain a cost of living clause such as a Cost of Living Adjustment (COLA) that increases payments based on changes in the cost-of-living index. Adjustments are typically made annually.

Cost-Of-Living Adjustment (COLA)

https://www.ssa.gov/OACT/COLA/colasummary.html

Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. We call such increases Cost-Of-Living Adjustments, or COLAs. We determined a 1.6-percent COLA on October …

How Does a Cost-of-Living Adjustment (COLA) Affect My Salary?

https://www.investopedia.com/ask/answers/112814/how-does-cost-living-adjustment-cola-affect-my-salary.asp

Nov 15, 2019 · Cost-of-living adjustments (COLAs) can also refer to annual adjustments made to Social Security and Supplemental Security Income, which are generally equal to the percentage increase …

Cost-of-Living Adjustment (COLA) Definition

https://www.investopedia.com/terms/c/cola.asp

Sep 22, 2020 · A cost-of-living adjustment (COLA) is an increase in Social Security benefits to counteract inflation. Inflation is measured using the consumer price index for urban wage earners and clerical...

Cost-Of-Living Adjustments

https://www.ssa.gov/OACT/COLA/colaseries.html

Since 1975, Social Security general benefit increases have been cost-of-living adjustments or COLAs. The 1975-82 COLAs were effective with Social Security benefits payable for June in each of those years; thereafter COLAs have been effective with benefits payable for December. Prior to 1975, Social Security benefit increases were set by legislation.