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cost of living allowance--COLA
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<blockquote data-quote="FracusBrown" data-source="post: 739581" data-attributes="member: 29360"><p>You are actually ahead of the game if you don't get a COLA raise. You only get COLA when the cost of living out paces the cost of living. Getting it only catches you up to the current cost of living. If you don't qualify for one, it means your pay raises are out pacing the cost of living, thus raising your standard of living (marginally).</p><p> </p><p>If you get a 3% raise and the cost of living increases 2.5% you are .5% ahead of the cost of living </p><p>If you get a 3% raise and the cost of living increases 3.5% and you then receive a .5% COLA you just break even with the cost of living.</p></blockquote><p></p>
[QUOTE="FracusBrown, post: 739581, member: 29360"] You are actually ahead of the game if you don't get a COLA raise. You only get COLA when the cost of living out paces the cost of living. Getting it only catches you up to the current cost of living. If you don't qualify for one, it means your pay raises are out pacing the cost of living, thus raising your standard of living (marginally). If you get a 3% raise and the cost of living increases 2.5% you are .5% ahead of the cost of living If you get a 3% raise and the cost of living increases 3.5% and you then receive a .5% COLA you just break even with the cost of living. [/QUOTE]
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