Tag: COLA

DOL Delays Overtime Rule Until March 2019 In fall 2018, the U.S. Department of Labor, Wage and Hour Division (WHD) announced that it intends to issue a Notice of Proposed Rulemaking (NPRM) in March 2019 to determine the appropriate salary level for exemption of executive, administrative, and professional employees. The WHD stated that it is…

Question:  Are employers required to provide employees with automatic cost-of-living (COLA) increases? Answer: Most private employers (both for-profit and nonprofit) do not use COLA adjustments and have more of a “pay-for-performance” policy as opposed to automatic increases philosophy. Typically automatic COLA increases are specified in union or employment contracts for certain classifications of employees. Employers…