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 allowance.
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 increase.
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.
