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Basic Agreement
Letter 10: Cost-of-Living Agreement

Item 10 - Cost-of-Living Agreement



  1. Effective with the first pay period following the release of the Consumer Price Index (1971 = 100 Base) for October, 2015, when compared to the Consumer Price Index (1971 = 100 Base) for July, 2015, for each thirty (30) cent increase, a cost of living allowance of one (1) cent per hour will be paid.

  2. Effective with the first pay period following the release of the Consumer Price Index (1971 = 100 Base) for each of the following months, when compared to the Consumer Price Index (1971 = 100 Base) for the respective months as shown below, for each thirty (30) cent increase, a cost of living allowance of one (1) cent per hour will be paid:

    1. October, 2015 compared to July, 2015

    2. January, 2016 compared to October, 2015

    3. April, 2016 compared to January, 2016

  3. Any increase in the cost of living allowance payable, as calculated above will be added to any cost of living allowance payable in the previous quarter. Any such allowance will be paid for straight time hours worked only and will not be paid for overtime hours, premiums or used as a basis for calculation of overtime.

  4. Cost-of-living allowance payments made to an employee shall not be included for purposes of calculating an employee's vacation and statutory holiday pay entitlement. Hours not worked even though compensated in accordance with a specific provision of this Agreement and deemed to be hours worked for other purposes shall not be considered to be hours worked for the purpose of this provision. Cost-of-living allowance calculations will be made quarterly, in the middle of the month immediately following completion of each calendar quarter.

  5. It is the objective of the parties to roll cost-of-living allowance soft floats into the Base Rate subject to the financial performance of the Hamilton East facility during the life of the contract. Roll-ins shall be tied to performance as measured by the Basic Agreement Income Sharing Plan (I.S.P.) as identified in New Item Letter of Agreement Re: Income Sharing Plan for Bargaining Unit Employees.

    In any quarter in which I.S.P. is paid to Hamilton East, the year to date cost of rolling in the amount of the soft float will be deducted from the year to date I.S.P. earned payment and the soft float will be rolled into the base rate.

    If the cost of rolling in the soft float in any quarter exceeds the I.S.P. for that quarter, the soft float will be rolled in only to the extent that the year to date cost of the roll-in can be met by the year to date I.S.P. payment. The remainder shall continue to be paid as a soft float.

    Soft float shall be defined as year to date cost-of-living allowance payments not rolled into the Base Rate and paid for all hours worked. It shall not include hours paid but not worked and it is not included in overtime premium pay calculations.

    Roll-in shall be defined as cost-of-living allowance payments added to base rates.

  6. The current COLA of $1.39 will continue to be paid as COLA for the term of the agreement. The $1.39 plus any soft float accumulated as per 1. and 2. Above will be rolled into the base rate on July 31, 2016.

  7. The continuance of the cost of living allowance shall be contingent upon the availability of the relevant monthly Statistics Canada Consumer Price Index in its present form and calculated on the same basis as the Index for August 1, 1993 (1971 = 100 Base). No adjustment retroactive or otherwise shall be made in the Index by Statistics Canada during the term of this Agreement.

  8. Any decrease in the cost of living allowance calculated from comparisons of the Consumer Price Indices in any of the quarterly periods specified in paragraph 2 shall reduce the next accumulated cost of living allowance, payable under paragraph 3 above, effective at the times specified in paragraph 2.




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