Mercer and cost of living data. A cost-of-living adjustment (COLA) is an increase in salary or annuity usually based on an objective measure that estimates how much additional money a typical person or household needs to maintain their standard of living. Mercer is the leading provider of data on cost of living and housing for employees sent to work abroad. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. The Social Security Administration has put in place a 1.6% cost-of-living adjustment which began in January 2020.

Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. According to a study by the U.S. Bureau of Labor Statistics (BLS) Cost-of-living Adjustments (COLAs) clauses have fallen out of favor in many collective bargaining contracts lately with only 22% of contracts in private industry containing cost of living increase escalators in 1995 compared to 61% in 1976. The Cost of Living Adjustment (COLA) is 3.4% for 2020 and was approved by the Board of Fire and Police Pension Commissioners on March 19, 2020. As part of the ongoing research, Mercer produces these annual rankings of the cost of living in more than 200 of the most prevalent … Cost of Living (COLA) The Illinois Pension Code provides retirees with an automatic increase in annuity, known as a Cost of Living Adjustment (COLA). A Guide to Cost of Living Adjustments (COLAs) Hunter Kuffel, CEPF® Oct 09, 2019.

The purpose of the COLA is to ensure that the purchasing power of your pension is not eroded by inflation; so as inflation increases, so does your pension. Expatistan is a cost of living calculator that allows you to compare the cost of living between cities around the world. Share. For example, if you're offered a job in a more expensive city you'll know that you need to hold out for more money if you don't want to experience a dip in your purchasing power. The Overseas Cost of Living Allowance (COLA) is a non-taxable allowance designed to offset the higher overseas prices of non-housing goods and services.

The Social Security Administration recently announced that the COLA (cost-of-living) increase would be 1.6%, based on inflation and consumer spending calculations over the last few months. The comparisons allow you to get a better understanding of the cost of living of any city before you move there. They hire, give raises, and fire based on merit, not a rising cost of living. Learn how they work and why the raises may not be big enough. A summary of …