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Salary Adjustment For Cost Of Living

The following shall apply as a legally binding addendum to the contract made between [Name] and [Name] on [Date].

For the year commencing on [Date], the [Salary schedule] will be adjusted by the factor of cost of living plus [--%].

The percentage change of the cost of living is defined as the percentage change in the Consumer Price Index, for the region of [Region], for the period from [Date] to [Date], as published by the United States Department of Labor, Bureau of Labor Statistics

Dated:

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Witnessed by: [Name]

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