Cost of Living Increases (Indexing)

January 1st, 2006

Effective January 1st, 2006, retirees will receive a Cost of Living increase of 1.12% which is 2/3 of the increase in the Consumer Price Index during the one (1) year period ending June 30th, 2005. Beneficiaries of deceased retirees receive 2/3 of the increase the retiree would have received.

Terminated employees who have left their funds in a Paid-Up or Deferred Account will also receive the COLA increase as they become eligible.