Recommended Overload and Summer Salaries cont.
o At least equal to the rate of inflation.
o Increase should be based on the yearly rate of inflation.
o This should be dependent on inflation and other factors that determine cost of living in Kentucky.
O 7%
o Tied to inflation.
o Base on COLA assessment.
o Currently five percent since we haven't had one in so long.
o Comparable to national averages.
o Use the national reported COL increase for Soc. Sec. and other similar programs.
o Increases should be based on the annual U.S. inflation rate.
o An amount equal to the federal COLA.
o 5%, only be given to those under $45,000 with 9 month contract.
o Depends on the state of the economy.
o 5%, unless someone just received a large raise or they are already being wayyyy overpaid.
o It depends on the increase in the cost of living.
o Should be tied to inflation or consumer price index.
o Change in cost of living.
o Depends on the actual cost of living as determined by federal government.
o 2% with additional if it is justified by regional cost of living increases.
o Base it on actual cost of living data.