I’m going to walk through the contract and math so that we’re all able to be on the same page.
The following two paragraphs are the determining factors for the cost of living adjustment (COLA):
Summarizing Article 33, paragraphs 2, 3, and 4
‘COLA is based on CPI-W, published by the BLS...
Someone smart please breakdown Article 33 into layman's terms and give an example using the CPI for Urban Wage Earners and Clerical Workers table, where the allowance rate is determined from.
Thanks