"The
cost of living increases meet current and projected levels of Retail Price Index (RPI) and we have secured commitments to fully consolidate the living wage and maintain parity across the local government workforce.
"Whilst the offer does not make up for the many years of austerity, the provision of
cost of living increases which meet current and projected levels of RPI (inflation) is welcome as are the commitments to fully consolidate the LivingWage and maintain parity across the local government workforce."
Calculating a
cost of living increase should at least include a consultation with a "cost of living calculator" that is easily found from any reputable online finance source.
At the same time, a fifth of staff (21%) said they had not received a
cost of living increase, and nearly two-thirds (63%) had only been offered a rise of up to 2%.
Article 3: As of 1/2/2012, the high
cost of living increase is added to the wage remunerated on 31/12/2011, as follows: 1- An amount of 200,000 LL, added as per decree number 500/2008, is deducted from the wage; 2- The high
cost of living increase is added to the amount as follows: -100% on the first bracket until an amount of 400,000 LL provided that the increase does not exceed 375,000 LL; -9% on the second bracket between 400,000 and 1,500,000 LL.
"In 2004, we cut all the allowances for senior councillors by 10% and have frozen all allowances most years ever since, except on two occasions when we accepted only a modest
cost of living increase.
The
cost of living increase registered in Bulgaria is unreasonably high even in times of crisis, according to the Confederation of Bulgarian Independent Syndicates, KNSB.
I can't remember receiving a base pension increase, only
cost of living increase. What's worse is the mileage pay.
The board did report, however, that as to the authorization given by the 2004 assembly to grant a
cost of living increase to pensions, pensions which have been in course of payment for at least one year to retirees, spouses and children will be increased by 1.6 per cent effective Jan.
The Florida Bar is supporting a substantial
cost of living increase for the state's judiciary, which has had only one small raise in the past several years.
C) A
Cost of Living increase uses a mutually agreed upon reference gauge, usually an accepted government index such as the Consumer Price Index (CPI) to determine the amount by which base rent will increase.
Most economists say that COLA has exaggerated the real
cost of living increase and that getting that figure to reflect what it should would solve one-third of this whole problem.
