2005 COLA %

System

I know it's early, but has anyone determined what their 2005 COLA increase % will be?

Don D

We don't have COLAs and I don't know of many private industry manufacturing firms that do. We pay wages (and determine wage increases) based on the demands of the labor market. We run a salary/wage survey annually and stay abreast of what it takes to be competitive and increase accordingly. If we don't pay enough to attract and retain labor, we need to increase our wages. But not on a COLA basis. I tend to think of COLAs as applying to pensions and things that are set rather than market driven. So, I shouldn't have replied.

dynamite9551

sometimes your local chamber of commerce will have projeted estimates. you can check with them perhaps.

sonny

We get a "general" increase annually. . it is based on the COLA for this area. This year it is 2.7%