But the lack of a cost-of-living
adjustment may also mean a double whammy to federal retirees under the Civil Service Retirement System.
The county similarly used those health care savings to provide cost-of-living
raises in new three-year contracts signed this fall with the county's sheriff's deputies and the roughly 600 county employees represented by American Federation of State, County and Municipal Employees Local 2831.
Conceptualizing and Measuring Cost-of-Living
and Price Indexes," panel on conceptual measurement, and other statistical issue in developing cost-of-living
indexes, Charles L.
In theory, cost-of-living
changes are measured by envisioning the cost of attaining a certain level of welfare and comparing that cost in different places or different periods of time.
Employees with base salaries below the competitive external market are eligible to receive a raise, depending on their job performance and the cost-of-living
increase, and a possible variable pay award based on their individual performance and the company's or department's performance.
At the same time, the Consumer Price Index, the government's main inflation barometer and the key indicator for the year's cost-of-living
adjustment, shot up .
The enthusiasm for cost-of-living
allowances is seen as part of a growing trend.
The major stumbling blocks to settlement reportedly were pension benefits and cost-of-living
Among improvements, the agreement provides for a compounded 12 percent wage increase over the contract term, with a cost-of-living
adjustment in the final year, and a 2 percent increase in the pension bands in each contract year, also with a final year cost-of-living
The Eugene Police Employees' Association last week agreed to give up six months of a previously agreed to cost-of-living
raise, and to accept smaller cost-of-living
raises in two future years.
Summary: The April cost-of-living
index has risen 1.
5 percent pay raise in January 2007, the mayor and the highest-paid City Council in the nation will get a 5 percent cost-of-living