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Parties on the other side might push for consumer price indexation, or no indexation at all.
The Government dropped limited price indexation.
Moving from the current wage indexation to price indexation would reduce the cost of the program, since prices rise less rapidly than wages.
This is known as Limited Price Indexation.
The gas market is relatively inflexible because of this price indexation, deliveries under long-term contract and its transport via gas pipeline.
An automatic price indexation has also been advocated. However, this proposal would not enable the government to make a change to the threshold and assess the impact.
Some have proposed moving to price indexation for most benefits but retaining wage indexation on benefits for low-income retirees.
The jargon term for these increases is LPI, short for Limited Price Indexation.
Limited Price Indexation (LPI) increases.
"Price indexation initially reflects current pricing arrangements in the market and transitions to incorporate an oil linked mechanism," Origin markets chief Frank Calabria said.
The assumption of price indexation adds tractability although it is not likely reflective of the price practices of firms at the micro level.
Development of a model for price indexation commenced in early 2003 as part of the Partnership Agreement between DHS and funded agencies.
A few policy parameters are indexed to wages, such as parts of the benefit formulas for Social Security and unemployment insurance, but consumer price indexation is more common.
The present policy is expected to last until March 1, when the second phase of the Government's "economic solidarity pact," including the wage and price indexation measures, goes into effect.
No requirement to provide Limited Price Indexation (LPI) as a precondition for contracting out and no such prescription on any form of pension.
Limited Price Indexation or LPI is a pricing index used to calculate increases in components of scheme pension payments in the UK.
Maral Kichian and Oleksiy Kryvtsov We assess the implications of price indexation for estimated frequency of price adjustment in sticky price models of business cycles.
This is likely to be a mixture of later retirement ages, higher contribution rates, lower accrual rates, more limited or fully costed price indexation and/or a move to defined contribution."
Since 6 April 1997 limited price indexation (LPI) has applied to approved schemes and exempt approved schemes for indexation of pension income after retirement age, including deferred pensions.
The oil price indexation of gas is not a one-way street for when the oil price goes up,' he added, citing price cuts in 2007 when oil fell over several months and gas followed.
Generally benefits must be taken between age 60 and 65, where there is a legal spouse a 50% spouse's annuity must be provided and any pension purchased must increase in accordance with Limited Price Indexation.
These cost increases are the result of annual price indexation adjustments and normal inflationary pressure, increases in client numbers, and an increase in the number of transactions per client to meet the health needs of an aging clientele.
This is not only clearly within the mandate of the Agency in determining the volume-related composite price index but it is an exercise that must be done given the inherent weakness in the use of a fixed-basket price indexation procedure.
• $97.1 million in Disability Pensions due primarily to annual price indexation adjustments, an increase in the volume of attendance allowance awards, and an increase in the level and number of disabilities as clients age (Veterans Affairs)
The above Planned Spending trend reflects increases related to annual price indexation adjustments for some benefits, regular inflationary pressures on the costs of goods and services provided to clients, and increases in the number of clients, particularly Canadian Forces Veterans.