4. Cost of Living Adjustment Clause
All regular employees shall be covered by the provisions of a cost- of living allowance as set forth in this Article.
The amount of the cost-of-living allowance shall be determined as provided below on the basis of the “Consumer Price Index for Ur- ban Wage Earners and Clerical Workers”, CPI-W (Revised Series Using 1982-84 Expenditure Patterns). All Items published by the Bureau of Labor Statistics, U.S. Department of Labor and referred to herein as the “Index”.
Effective April 1, 2020, and every April 1 thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for January, 2019 (published February 2019) and the Index for January, 2020 (pub- lished February 2020) with a similar calculation for every year thereafter, as follows:
For every 0.2-point increase in the Index over and above the base (prior year’s) Index plus 3.5%, there will be a 1 cent increase in the hourly wage rates payable on April 1, 2020, and every April 1 thereafter. These increases shall only be paya
