Sentences with phrase «wage index»

Ideally, there should be a living wage indexed to the cost of living by region.

In other words, the national average wage index for 2016 is 48,098.63 times 46,640.94 divided by 46,119.78, which equals 48,642.15.

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.

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.

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.

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.

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

From a strict scorecard perspective, the fact is that none of the legislative items that were supposed to have been part of it — from a full women's equality package, public financing of elections and decriminalization of marijuana, to the Dream Act and a statewide minimum wage indexed to local markets — have become reality.

An amendment to the UN International Covenant on Economic, Social, and Cultural Rights to include a living wage indexed to each nation's economic conditions could do much to move towards a more leveraged playing field especially in addressing issues pertaining to outsourcing and jobs moving to countries with lower wages than those in the «developed» nations.

To help that sink in, the national wage index was $ 46,481 when the Social Security Administration last compiled data in 2014.

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.

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).

First we take your annual income and we adjust it by the Average Wage Index (AWI), to get your indexed earnings.

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

This adjustment uses a «comparable wage index» developed by Dr. Lori Taylor at Texas A&M University and William Fowler, Jr. at the National Center for Education Statistics, and subsequently updated by Dr. Taylor.

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

To arrive at your AIME, we adjust your actual past earnings using an «average wage index,» so you won't lose the value of your past earnings (when money was worth more) in relation to your more recent earnings.

Each year the SSA applies an index to the year, based upon an index called the Average Wage Index, and yours is based on the year you'll reach age 62.

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.

It's worth acknowledging at the outset that these amendments, including the minimum wage indexing and other amendments which are beyond the scope of this post, would not have been won without the diligent efforts of grassroots organizations like the Workers» Action Centre and the Migrant Workers Alliance for Change.