Common use of Percentage Adjustment Clause in Contracts

Percentage Adjustment. The percentage adjustment for a given year shall be determined as follows: Calculate the percentage increase in the Pension Index of the current year over the Pension Index of the immediate preceding year subject to a maximum increase to eight percent and Multiply the percentage increase obtained in above by fifty percent (50%). Monthly pensions payable to eligible beneficiaries as of an adjustment date are increased by a percentage called the Pension Adjustment Factor determined as follows: For eligible pensioners who retire in the twelve (12) month period prior to the adjustment date, except for disability pensioners, the Pension Adjustment Factor is of the pension adjustment for each full month prior to the adjustment date. For all other eligible pensioners, and for all survivors, the Pension Adjustment Factor is equal to the applicable percentage adjustment.

Percentage Adjustment. The percentage adjustment for a given year shall be determined as follows: Calculate the percentage increase in the Pension Index of the current year over the Pension Index of the immediate preceding year subject to a maximum increase to eight percent and Multiply (ii) multiply the percentage increase obtained in above by fifty percent (50%). PENSION ADJUSTMENT Monthly pensions otherwise payable to eligible beneficiaries as of an adjustment date are increased by a percentage called the Pension Pen- sion Adjustment Factor determined as follows: For eligible pensioners who retire in the twelve (12) month period prior to the adjustment date, except for disability pensioners, the Pension Adjustment Factor is of the pension adjustment for each full month prior to the adjustment date. For all other eligible pensioners, and for all survivors, the Pension Adjustment Factor is equal to the applicable percentage adjustment.