(b) Beginning on January 1, 2015, the minimum wage shall be an hourly rate of. $8.40 an hour; beginning on January 1, 201 the minimum wage shall be an hourly rate 7. of $9.20 an hour; and beginning on January 1, 201 the minimum wage shall be an 9. hourly rate of $10.10 an hour.
The pension adjustment (PA) amount is the value of the benefits you earned in 2014 under your employer's registered pension plans (RPP) and deferred profit sharing plans (DPSP), and possibly, some unregistered retirement plans or arrangements.
Periodically, VA makes cost-of-living adjustments (COLAs) to VA compensation and pension benefits to ensure that the purchasing power of VA benefits is not eroded by inflation. Under federal law, the cost-of-living adjustments to VA's compensation and pension rates are the same percentage as for Social Security benefits.