After the two most recent union contracts were finalized, Commissioner Faye Stewart proposed that the county consider providing nonunion employees a cost-of-living
increase as well, at a board meeting in late October.
2001, "Should Cost-of-Living
Index Provide the Conceptual Framework for a Consumer Price Index?
However, since salary is generally the largest element in a compensation package, being aware of the impact of cost-of-living
on buying power in different locales gives the job hunter an edge.
Most arise because the basket of goods and services used to compute the cost-of-living
statistic gradually becomes dissimilar to the basket of goods and services actually purchased by consumers.
The Relocation Calculator is provided free online by the Center for Mobility Resources, a private, 10-year-old executive relocation service that maintains regularly updated cost-of-living
indexes for more than 500 cities.
Inevitably, the annual cost-of-living
increase became an intrinsic part of that expectation.
Other important settlement terms included incorporation of the existing 43-cent-an-hour cost-of-living
allowance into basic wage rates; hourly wage increases of 25 cents in 1989, and average increases of 25 cents per hour in 1990 and 50 cents per hour in 1991; and a 4-year contract, more in line with recent settlements in the industry, rather than the 3-year duration of previous agreements.
Custodian of the Two Holy Mosques King Abdullah recently ordered a 15-percent increase in the basic salaries of Saudis working for the government as a cost-of-living
Union President Scott Olmos said the proposed agreement would eliminate cost-of-living
raises for the duration of the contract.
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
The differential can be updated annually through a variety of cost-of-living
differential calculators and software that can take into account an area's cost of living and area base pay, multiple earning levels and geographic differential data.