(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.
Cost-of- Living Adjustment (COLA) Approved Thursday, April 14, 2016 The Falmouth Retirement Board unanimously voted to approve a Cost-of-Living Adjustment for FY 2017. Effective July 1, 2016, a 3% Cost-of-Living Adjustment will be applied up to the first $12,000.00 of a recipientâs annual retirement allowance. The maximum amount a recipient can receive is $30.00 per month. Eligible recipients will be those who retired or began survivor benefits on or before June 30, 2015. Recipients will see the Cost-of-Living Adjustment with their direct deposit on July 29, 2016.