05/07/2012 16:11
According to an announcement released on Thursday, COLA will increase to 1.27% from July 1.
From the assessment of the figures on the Consumer Price Index for January - June 2012, it was concluded that from July 1, 2012 the price index will increase by of 1.27% over the total wages (5.29% above basic salaries).
Therefore, the Cost of Living Allowance (COLA) will increase by 316.52% to 321.81%, while for those who have done the integration of the cost of living under the laws of 2005, the cost of living allowance from 30.17% will increase to 31.82%.
From the assessment of the figures on the Consumer Price Index for January - June 2012, it was concluded that from July 1, 2012 the price index will increase by of 1.27% over the total wages (5.29% above basic salaries).
Therefore, the Cost of Living Allowance (COLA) will increase by 316.52% to 321.81%, while for those who have done the integration of the cost of living under the laws of 2005, the cost of living allowance from 30.17% will increase to 31.82%.
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