Cost Of Living Adjustment

Question: Help I am working abroad in Switzerland: need to justify request for Cost of Living adjustment? I have ask my company for a weekly per diem to supplement the higher cost of food, personal care and transportation here (I moved here from Atlanta). They asked me to prove my case. Does anyone know of a quick and free way create and present a cost of living comparison btw. Atlanta, USA - Lausanne, CH?

Answer: I think you need not to compare the standard of living of the country of origin to where you are living to day. What you need is to spell out all the cost you are incurring per day/ week/ month. The total/sum of it should be compared with what you are currently paid per day/week/month. If what you are currently paying/ cost of living is greater than what you are paid, then you have proved the case. But also even if what you are paid is greater than the cost of living, the magnitude should count. If you can prove that you missed some important information on the cost of living at the time you entered the contract with your company. But also if there are economic incidences that have arisen after the contract, like inflation, economic depression and the alike unforeseeable incidences;those again will be enough proof.

Question: what are the laws regulating the cost of living adjustment? if a companany approves a cost of living , is it legal for them to deny any one an increase?

Answer: Is the cost of living adjustment limited to certain job categories, pay grades, full/part time status, certain seniority, or job performance (check the employee handbook or union contract), attendance criteria? If there are any of those conditions on the cost of living adjustment, then yes, the cost of living adjustment can be denied. If not, then all people meeting the criteria should be eligible.

Question: How can I figure out cost of living adjustment for another city ? I have the opportunity to transfer within my company to another city, I come from a small city now and may go to a big city. How can I figure out how to negotiate my salary fairly ?

Answer: Use the salary calculator: http://www.homefair.com/find_a_place/cal…

Question: what is the cost of living adjustment from New York to London? i am moving to london and want to know how to adjust my compensation

Answer: You'll need a very good salary to live comfortably in London with American expectations. However if you are able in time to adapt to English expectations, London is a wonderful place to live. Public transport works. Cultural opportunities are simply amazing.

Question: What is the cost of living adjustment in Pasadena, California each year?

Answer: Pasadena is one of the most expensive places to live. What basis are you asking to be used for the adjustment?

Question: To those on Social Security-Did you know you will not get a Cost of Living adjustment in 2010? Congress has voted not to allow a COLA (cost of living adjustment) for 2010. This is but the beginning. Congress under the Obama administration will chip away at the government benefits you worked for so he can pay off his wasteful spending. What say you? Handey Randy-good for you, but what about those who dont get an added pension and rely soley on SS?

Answer: Right, not everyone has a pension or any other income to back up their SS. My elderly mother is REALLY struggling right now, between the cost of food, the cost of her medications, etc. Sure, she has Part D, but it only covers so much, and she always hits the gap before the year is through. After the Navy, my father split his life as a machinist between two companies, 20 years with one and the last one he was with for about 28 years, finally retiring at 71. That company had NO retirement plan at all - no 401K, no pension, nothing. He then ended up very ill with cancer and passed away at 73 - didn't even get to enjoy his hard-earned free time. There were nine of us children growing up, so working a traditional job outside the home was out of the question for my mother. The daycare would have been too expensive. So she always cleaned houses, took care of elderly people, and babysat other people's children for extra income. She did anything she could do where she could take the young ones of us with her. That's right, my mother took care of nine kids, cooked and cleaned for everyone, then on top of that, went and cleaned other people's houses and took care of other people's kids. I really have no idea how she did it all. My father worked hard in a hot shop as a machinist, then came home and tended his large garden, which supplied our family with a lot of food. The garden was hard work, but it was also his greatest love. In his younger years, he also painted houses and mowed lawns on the side for extra money as well. Basically, both my parents worked their fingers to the bone 24-7-365 and in the end, had precious little to show for it. AND, even though our family could have very likely qualified for government help over the years, we never took a single dime of it... EVER. My father just wouldn't stand for taking any form of charity. Oh, and he also didn't believe in credit cards, so they didn't live on borrowed money either. Unfortunately, after he retired and my mother just couldn't do extra jobs anymore, their income dwindled to the point that credit cards became a necessity for certain expenses. Anyway, my mother lives on the SS from my father's income, and because SS is based on how much you earned over the years (not how many years you worked), and my father was never paid what he was worth, her SS really isn't all that much. It is just not enough to pay the bills, buy groceries, pay for all her medications, plus all the extras like home repairs, etc. I am saddened to say that at almost 74 years old, my mother is living in debt and believe me, it's been a necessary evil. She is very thrifty (always has been), spends on a budget, scrimps wherever she can, wastes nothing, and still doesn't have enough. Why have I mentioned all this? You didn't need any part of my parents' life story, right? Well, here is why. All this leads up to the fact that even though those yearly COLAs are small, they mean a lot to my mother. She says things like, "$22 is $22... that'll buy some groceries." So for her, cutting them off is just another kick in the teeth. I apologize for writing a book. I visited my father's grave today (I don't like to go on Memorial Day when everyone else is at the cemetery), and it's difficult not to think about all these things when I go.

Question: what is the cost of living adjustment? can you help me as soon as possible? Thankyou very much!

Answer: well, simply put, if you make, say, $100 a week and with prices rising in housing and food, among others, it might cost you $130 for the same products once costing you $100. if an adjustment occurs, your salary would rise to meet this 'adjustment'. nice but not likely to happen.

Question: free sample letter requesting employment cost of living adjustment? Human Resource sample letter requesting a cost of living adjustment (COLA) for employees

Answer: Microsoft free downloads should have these.

Question: If the COST OF LIVING hasn't gone up does a COST OF LIVING ADJUSTMENT just more free money from the government?

Answer: every time i go to the grocery store, the prices have gone up. i guess i am just too dumb to understand that the "cost of living" has not risen.

Question: i have heard that since people like me who are disabled, will not be getting a cost of living adjustment? but will be recieving a one time payment of $250.00 to help us with not getting a increase. Does anyone know the TRUTH to this?

Answer: You are getting no money from a cost of living adjustment because the cost of living did not go up during the period it is based upon. There was talk about a 2010 stimulus payment, but to date it has not gone through and it is not likely that it will. Blame the Republican as they all vote against it.

Question: Congress has already voted themselves a Pay Raise and cost of living adjustment....BUT !? "they" refuse to give Social Security recipient's an adequate cost of living increase...(the first time since 1975). Yet fund millions for Turtle research and funds that will be given to Foreign Governments... Has everyone in Washington lost their minds...?

Answer: and you expected what from a democrat run congress!?

Question: Cost of living adjustment & annual raise...? On the social security site, it says the COLA 2007 will increase 3.3%. Does this mean we are going to be paying an average of 3.3% more per paycheck? If I got a 3% raise for my annual review, does this mean they just raised my pay for the cost of living adjustment and it really won't make a difference? I am going to go in and negotiate a raise soon and was hoping I could use this as an argument. My raise was supposed to be based on performance and I don't think they were fair in just giving 3% if our cost of living is going up by that much anyway. If I am misunderstanding the COLA, please explain it to me.

Answer: The cost of living adjustment for those individuals receiving social security benefits will be increasing 3.3%. This means they will receive that percentage increase in the monthly amount they receive. The percentage of withholding from your salary will remain at 7.65% however the wage base for social security tax withholding will increase from the $94,200 to about $96,000 of salary. You are absolutely correct in that the raise they gave you didn't equal the increase in the cost of living for 2006. You certainly didn't receive a performance increase. By not at least keeping up with the cost of living you are just getting into a situation where your salary will result in less and less buying power each year. You might also want to check out the department of labor web site to see if they list the cost of living adjustment there. They publish it each month in the federal record. I say look there because the social security adjustment usually doesn't reflect the full cost of living increase each year.

Question: Can a Cost of living adjustment be used for anything besides salaries? Can it also be used for incentives?

Answer: It can also be used to purchase taffy.

Question: how large is the 2006 Social Security cost-of-living adjustment?

Answer: Here you go...

Question: Why haven't the federal goevernment given the people an Cost of Living Adjustment due to these gas prices?

Answer: I'm afraid they will never give us our due while we keep re-electing them. Over 90% percent win re-election after re-election, entrenching them deeper and deeper into an ever more corrupt system. Without endorsing any particular party or candidate, I suggest we all make a point of voting in new blood in the coming 06 & 08 elections. You can still vote democrat, republican or independent; just resolve that they will not be incumbents. Nothing less than that will "rock" the vote, level the playing field. Nothing less than that can be revolutionary!

Question: Cost of Living Adjustment, is it mandatory in this state (IL)?? Is it fair no one gets a raise company wide? We have not rec'd a raise at all this year. There is a rumor we may not get a raise. Is that fair?

Answer: It depends. If you work for the governement, you most likely have a COLA built in to your contract with your agency or government entity. If you work in the private sector pay increases are discretionary and you have no right to a raise. In fact, your coworker could be the only one to receive a raise and you'd have no recourse.

Question: Equal Cost of Living Adjustment? I am an employee with 21 plus years service. Every year my employer gives a cost of living adjustment of 3 to 4 %. Its not a lot but for several years I did not receive any and the last 3 I only received 2% per year. I am now owed over $ 54,000 in back pay and am nearly $ 10,000 behind in salary this year alone. I don't know where to turn. I filed complaints to the EEOC and labor board who both stated I had a case UNTIL they found out my employer. I tried hiring an attorney only to have the same results. I have a family to feed and they threaten me if I contest. On the same hand I need the adjustments to maintain my family. Please help i feel I am all alone. There are several lawsuits against my employer but, they settle and demand a gag order so i can not find any details on their lawsuits. I know I have a case I don't know where to go from here. Thanks for the answer, I did not have the attorney actually turn me down, there was a conflict of interest in that he had a personal relationship within the company. I understand that they do not have to pay me more than min.but, the problem is they are giving all other employees the cost of living adjustments. Unfair pay practice at best, and if I make any complaint about it they retaliate. I had even been threaten physical violence. I initially had a lawsuit but dropped it through a settlement against my attorney's judgement. The settlement basically stated I'd receive the cost of living adjustment equal to that of all other employees for the remainder of my employment. this held true for two years then the old administration left and my settlement mysteriously disappeared, since my attorney had not agreed to the settlement he did not have any proof and they stated I had forged the copy I had. I'm not trying to be an a%% I am just trying to support my family on far less money

Answer: employers do not have to give any salary above minimum wage, you have all ready had one attorney turn you down why do you want to spend more money to get the same results.

Question: Business Calculus: Cost of Living Adjustment.? Assume that inflation is occurring at 2% per year CC. Beginning at the age of 65, I wish to withdraw from an account for 20years. I will begin the withdrawals at the rate of $12,000 per year. The Payments will have a COLA (cost of living adjustment) so that at age 65 + t years I will be withdrawaling at a rate of $12,000*e^(.02t) per year. What should be the value of the account when I am 65? Call this number ACOLA65-- the assets needed at age 65 to buy the annuity with the COLA

Answer: Assuming no further income (such as interest) to the annuity, A = $12,000∑(1.02)^n from n = 0 to n = 20 A = $12,000(1.02^20 - 1)/0.02 A = $291,568.44

Question: So, no Cost of Living Adjustment for this year's VA disability compensation, right?

Answer: The Cost of living adjustment is only there to ensure that the benefits keep up with inflation. Since they are tied to the inflation rate - there is no COLA increase if there is no inflation.

Question: The Cost of Living Adjustment is based off of the CPI. Is this a raise?

Answer: yeah its a raise only in a nominal sense. But since this adjustment is based on CPI, what it means is that the raise is going to be by the amount increased in the price level. namely, the raise is going to offset some of the negative effects of inflation. So, its not an actual raise per se.