36-1. Salaries, Compensation and Remuneration Provisions
The annual salaries of all bargaining unit employees and all other provisions governing compensation and remuneration are set forth in the salary schedules and provisions attached hereto as Appendix A. Such salary schedules and provisions contained in Appendix A are hereby made a part of this Agreement. Salary schedules will receive a cost of living adjustment in the following percentages on July 1st of the corresponding fiscal year:
| Fiscal Year | COLA |
|---|---|
| 2025 | 4% |
| 2026 | 4% to 5%* |
| 2027 | 4% to 5%* |
| 2028 | 4% to 5%* |
*If CPI-U is less than 4%, then the percentage increase is 4%. If CPI-U is 5% or more, then the percentage increase is 5%. If CPI-U is between 4% and 5%, then the percentage increase will be equal to CPI, rounded to the nearest tenth. The US City Average June CPI-U released in July of the preceding year will be used to determine the percentage increase.
All bargaining unit employees hired on or before December 31, 2016 shall maintain the pension pick-up without change per the predecessor agreement.