(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.
1 If you retired today and your original monthly payment is $1,000 per month, you would receive a $30 per month (3 percent) increase on the anniversary of your retirement next year. 2  This increase would bring your total monthly pension amount to $1,030.ll benefit recipients who have received benefits for 12 months are entitled to an annual Cost-of-Living Adjustment (COLA), currently fixed at 3 percent. This rate is fixed regardless of the change in the Consumer Price Index (CPI).