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What Is COLA Increase Based On?

January 24, 2024 by Ahmed Ali

What Is COLA Increase Based On? It is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year a COLA was determined to the third quarter of the current year. If there is no increase, there can be no

What Is A Cost Of Living Adjustment In Relation To Salary?

January 24, 2024 by Ahmed Ali

What Is A Cost Of Living Adjustment In Relation To Salary? Salary and wages that include a cost of living adjustment (COLA) compensate workers for inflation that raises basic expenses such as rent and food. A periodic COLA increase in pay can be automatic as in some government jobs or negotiated as part of an