The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
A cost-of-living raise is an increase in pay that's intended to keep the buying power of an employee's salary the same during a period of inflation.he biggest group affected by cost-of-living raises is Social Security recipients. Some employees have contracts that include automatic cost-of-living raises. Others work for companies that voluntarily increase pay to keep pace with inflation.
Independent living costs can vary by retirement community, based on the size of the apartment, geographical location of the community and the services needed at the community. According to Genworth.com, the average cost of a one-bedroom, independent living or retirement community in the U.S. in 2012 was $2,750 a month. Often times there is a basic rate that covers all independent living services, with an additional fee for special services.