In accordance with Article 15 of the Staff Retirement Plan (SRP), any pensions and benefits under Sections 4.1, 4.2, 4.3, 4.4, 4.5, and 4.6 in effect before January 1, 2020 are eligible for Cost-of-Living Increases to reflect the ratio of Cost-of-Living Index applicable as of such January 1st preceding January 1st on the basis of the Consumer Price Index (CPI) for All Urban Consumers, U.S. City Average, all items, with 1982-84 equaling 100, as published by the U.S. Department of Labor, Bureau of Statistics.
The CPI for November 2019 is 257.208, as published by the U.S. Department of Labor, Bureau of Statistics. This ratio is 2.051% greater computed in respect of the same CPI applicable for prior January 1, 2019 (252.038). The 2.051% Cost-of-Living ratio should be applied to adjust pensions and benefits effective January 1, 2020. Pensions and benefits with benefit commencement during 2019 should be adjusted on a pro rata basis.
Pro rata Basis:
|MONTHS||YEAR||INDEX||Pro rata COL %|
|JANUARY and before||2019||252.038||2.051|
|Prev. Year Index||252.038|