(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.
What is a cost-of-living adjustment (COLA)? A COLA is an adjustment to your monthly benefit after you retire. The type of COLA you are eligible for depends on your retirement system and plan. Does my retirement plan have a COLA? All retirement plans we administer, with the exception of the Judges Retirement Fund, provide one or more COLAs.