Sentences with phrase «wage index for»

So what this table shows is that your wages earned in each year you were working have been indexed to compare with the Average Wage Index for your age 62 year, then the top 35 indexed earnings years are totaled and divided by 420 to come up with the Average Indexed Monthly Earnings — your very own AIME.

To determine the national average wage index for 2016 at a level that is consistent with the national average wage indexing series for prior years, we multiply the 2015 national average wage index of 48,098.63 by the percentage change in average wages from 2015 to 2016 (based on our tabulated wage data).

Determination of the National Average Wage Index for 2016 To determine the national average wage index for calendar year 2016, we multiplied the 2015 national average wage index of 48,098.63 by the percentage change in average wages from 2015 to 2016, as measured by annual wage data we tabulated.

Not exact matches

President Obama favors raising the minimum wage and indexing it for inflation.

Although the federal minimum wage has not risen since 2007 — and not for a full decade prior — the President's proposal, which also indexes the wage to inflation, riled a lot of small business advocates.

The plan did not specify what the minimum wage would be raised to, but said it would be equivalent to what it was in 1981, once indexed for inflation.

«While the headlines oftentimes go to the large - sized companies, The PayScale Index for the second consecutive quarter showed wage growth for small companies outpacing medium and large companies,» Katie Bardaro, lead economist, PayScale, explained on the company's blog.

The minimum wage will also be indexed to inflation for the first time, and there is no «tip credit» for employers of tipped workers.

According to BLS - generated cost indexes for wages / salaries and total benefits, benefit costs have risen about 60 % since 2001 (when the data series began), versus about 37 % for wage and salary costs.

To determine its cost - of - living adjustment, the SSA uses an inflation measure called the Consumer Price Index for Urban Wage Earners and Clerical Workers, or the CPI - W.

Social Security benefits increase automatically each year based on the rise in the Bureau of Labor Statistics Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI - W), from the third quarter of the prior year to the corresponding period of the current year.

Employers and employees each pay Social Security taxes equal to 6.2 percent of all employee earnings up to a cap ($ 127,200 for 2017 and indexed for wage growth) and Medicare taxes of 1.45 percent on all earnings with no cap.

Indexed Earnings: We use the Social Security Administrations National Average Wage Index to index wages for the social security benefit calculIndex to index wages for the social security benefit calculindex wages for the social security benefit calculation

We then take your income and we adjust it by the Average Wage Index (AWI), to account for the rise in the standard of living during your working years

The Wage Cost Index (WCI) for total hours (excluding bonuses), an indicator of movements in average wage rates, increased by 2.8 per cent over the year to the March quarter 2000, which is close to the previous readings for this indicator (Graph Wage Cost Index (WCI) for total hours (excluding bonuses), an indicator of movements in average wage rates, increased by 2.8 per cent over the year to the March quarter 2000, which is close to the previous readings for this indicator (Graph wage rates, increased by 2.8 per cent over the year to the March quarter 2000, which is close to the previous readings for this indicator (Graph 41).

The Social Security Administration bases the automatic cost of living adjustments (COLA) increases for social security recipient on CPI - W, which is the Consumer Price Index For Urban Wage Earners and Clerical Workefor social security recipient on CPI - W, which is the Consumer Price Index For Urban Wage Earners and Clerical WorkeFor Urban Wage Earners and Clerical Workers.

In the December quarter, the wage cost index (WCI) for total pay increased by 1.0 per cent, to be 3.7 per cent higher than a year earlier (Graph 72).

More recently, wage growth has shown signs of stabilisation, with growth in the private sector wage price index unchanged for the past six quarters, while a broader measure of wage pressures, the growth in average earnings per hour, has picked up of late.

The wage cost index (WCI) for total pay increased by 0.9 per cent in seasonally adjusted terms, to be 3.6 per cent higher than a year earlier (Graph 71).

In the June quarter, the wage cost index (WCI) for total pay increased by 0.8 per cent in seasonally adjusted terms, to be 3.5 per cent higher over the year, compared with an increase of 3.6 per cent over the year to March 2003 (Graph 72).

In the September quarter, the wage cost index (WCI) for total pay increased by 1.0 per cent, to be 3.7 per cent higher than a year earlier (Graph 74).

For example, the very small increases in the minimum wage that took effect in eight states on January 1, 2012 as a result of those states» indexing laws will generate an additional $ 366 million in GDP and create the equivalent of more than 3,000 full - time jobs, according to an analysis by the Economic Policy Institute.

Part of that includes indexing the minimum wage to inflation and more spending for community colleges.

For workers in the rest of the state, the minimum wage would increase to $ 9.70 at the end of 2016, then another.70 each year after until reaching $ 12.50 on 12/31/2020 — after which will continue to increase to $ 15 on an indexed schedule to be set by the Director of the Division of Budget in consultation with the Department of Labor.

Obama also called for indexing future minimum wage increases to the rate of inflation — something liberal advocates, as well as Democrats in the Senate and Assembly, have called on Cuomo to do, too.

Senate Democrats call for more education aid — at least $ 2 billion — while also backing an indexed minimum wage increase coupled with local control.

Karen Scharff of Citizen Action reiterated Kink's call for a $ 15 minimum wage with indexing.

Hawkins said he supports a minimum wage of $ 12 an hour, immediately, with indexing for inflation.

Cuomo told reporters yesterday in Queens that he would continue his push for the $ 8.75 minimum wage, but he hoped Congress acted quickly on Obama's $ 9 wage plan with indexing.

Cuomo's proposal for a $ 15 minimum wage phased in over five years, and then indexed to inflation, is the right thing to do.

At 1:30 p.m., 1,000 low - wage workers and advocates will descend on Albany to urge the Senate and Assembly to pass legislation that would raise the state minimum wage to $ 10.10, index it for inflation, and allow cities and counties to set their wages 30 percent higher than the state's minimum, Million Dollar Staircase, state Capitol.

De Blasio, in a separate proposal, wanted a minimum wage of $ 13 for the city, indexed to the rate of inflation.

Cuomo originally proposed a $ 15 minimum wage statewide, but Republicans were able to limit that to $ 12.50 in areas north of Westchester County (subject to an index that could hike rates higher), push out the phase - in on Long Island, win a promise from the governor not to convene any wage boards for the next five years and limit increases for tipped workers.

Mayor Bill de Blasio believes the $ 11.50 wage proposed for the city is not high enough, and want a wage hike that would ultimately lead to $ 15 through indexing.

«I support a minimum wage of President Obama's $ 10.10 indexed so you don't have to continually update it, with an adjustment factor for up to 30 percent for the cost of living across different markets in this state,» Cuomo said in the video.

«The minimum wage needs to be raised right now for low - wage workers because the rent won't wait,» said Hawkins who has called for $ 15 and indexed to productivity.

And Cuomo also made things easier for the GOP by deciding not to include an indexing measure for future minimum wage hikes that the left has been pushing very hard, and Assembly Speaker Sheldon Silver included in his proposal last year.

Hawkins also cited the failure of Cuomo to make any public effort to push for legislation to raise the minimum wage to the $ 10.10 and indexed to inflation, which he said last month he supports.

The governor's plan would let unions representing most public employees to negotiate only for wage increases, and any increase above the Consumer Price Index would have to be approved in a statewide referendum.

Lawmakers should pass a $ 15 minimum wage for every worker in the state, including tip workers, with indexing and home rule for local governments that want to set a higher minimum wage in their jurisdictions.»

Dunlea noted that while «Governor Cuomo had cited increasing the state minimum wage as part of his so - called litmus test for the effectiveness of the Independent Democratic Caucus, it has been Senator Klein that has been most insistent on raising the wage, with indexing, while the Governor has repeatedly made recommendations to make it easier for Senator Skelos to avoid the issue.

Salaries are adjusted for cost of living to the national average using the comparable wage index published by the Bush School of Government & Public Service here.

Districts and charter schools should get the same base cost for each regular education student, and the comparable wage index should be used to account for cost of living differences.

The study recommends using a Comparable Wage Index (CWI) for Cost of Living (COL) differences due to geographical location.

The average wage indexing values for calculating the AIME are available from the Social Security Administration's site, but future indexing values will also need to be projected based on an assumption about their inflation.

To determine its cost - of - living adjustment, the SSA uses an inflation measure called the Consumer Price Index for Urban Wage Earners and Clerical Workers, or the CPI - W.

However, it's worth mentioning that the prevalence of risk aversion wasn't the only reason for the Aussie's weakness since the Aussie also got smacked lower when Australia's wage growth index was released since it revealed that total hourly rates of pay (excluding bonuses) only increased by 0.5 % quarter - on - quarter in Q3, missing expectations for a 0.7 % rise.

Social Security bases its Cost of Living Adjustment (COLA) increases on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI - W).

At that time, the Average Wage Index (AWI) was $ 9,779.44 for 1977 (remember, the AWI is always two years behind)-- and for 2016 the AWI is $ 48,642.15.

In addition, wage replacement benefits to which the injured person is entitled are indexed, which indeed creates a lot of host problems for the insurer.