| Is this confusing? |
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Umm.....yeah. 25.01 refers to the 'BLS index. Where is that? Lets take a trip to the Bureau of Labor Statistics website.... WWW.BLS.GOV From the home page, click on the 'Databases and Tables' tab. |
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In the row 'Urban Wage Earners and Clerical Workers', click on 'Top Picks.' |
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Now put a check in the box for 'U.S. All Items, 1967=100. Then when you click on 'Retrieve data' you will get the Consumer Price Index. (CPI) |
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There, that clears everything up. Right? What do you mean No? Oh yeah, the 25.02 part. |
| The adjustment shall be one cent (.01) per hour |
| Ok, that's a penny |
| for each 0.3 point increase |
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So, we have to figure out how much it went up. |
| of the average of the months of March, April, and May 2008 |
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Ok, get the average of March, April, and May of 2008 |
| in excess of three percent (3%) over the average of the months of March, April, and May 2007. |
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Oh, that parts a little tricky. |
| Lets start with getting 2007's average |  |
| Since it has to increase more than 3 percent before we get a raise, lets find out what that thresh hold is |  |
| Now get 2008's average |  |
| Then take 2008's average and subtract the adjusted average of 2007 to get the increase in points. |  |
| Eight points. Now divide that by 0.3 to find out how many pennies you get. |  |
| Hey! What do ya know, 26 cents! That's how much our COLA was this year. Anyway, I hope its easier to understand now. |  |