Pay Raise & COLAs "...The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.5 percent in January 2008 according to the Bureau of Labor and Statistics (www.bls.gov/cpi or 202/691-6994). Released on February 20, the CPI-W for January is 206.7. For purposes of calculating the next COLA (cost-of-living adjustment) the index is currently 1.5 percent above the 2007 third quarter average base index of 203.6..."
[Reference: www.federalnewsradio.com]
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