The Cost of Living Adjustment (COLA) on Bell Canada's pensions is based on the increase in the Consumer Price Index (CPI) over a 12 month period ending on October 31 of each year.
-60% of the increase in the CPI (rounded to the nearest two decimal points), to a maximum of 4%.
On November 20, Statistics Canada released the CPI data for the last twelve months. According to Statistics Canada, the CPI rose 1.9% between October 2018 and October 2019 for Canada as a whole.
Based on this, the Cost of Living Adjustment on our Bell Canada pensions should be 2% in 2020. The increase will appear on the January pension payment.