this annual wage hike will work out to be Rs4, 725 crore.
The CAW negotiated a three - year agreement with Ford that guarantees 3 %
annual wage hikes, an improved cost of living allowance that will add roughly another 1.5 % a year, a $ 1,000 signing bonus and gains in pensions for past and future retirees.
Not exact matches
The worst case scenario is likely
wage growth higher than expected (0.3 percent or higher month over month, 2.9 percent to 3 percent
annual), with upward revisions from February, and job growth much higher, all of which would increase the chances for a Fed rate
hike.
Indexing
Wage Hikes to Consumer Prices: Seven states regularly increase their
annual minimums automatically to keep pace with the consumer price index (aka inflation).
The deal, which would affect approximately 54,000 Public Employees Federation members statewide, calls for three years of
annual 2 percent
wage hikes, compounded, and no increase in health care costs, according to news releases from the governor and the union.