In a recent government meeting, officials discussed the annual cost of living adjustment (COLA) and merit increases for employees, ultimately approving a 3% increase based on projections from a report by Barons. This figure, derived from various studies, represents a historical increase in living costs rather than a precise forecast.

The meeting highlighted a community inquiry regarding the eligibility of newly hired employees for COLA and merit increases. It was clarified that individuals who have just started their positions typically do not qualify for these adjustments. The unanimous vote on the 3% increase reflects a commitment to align with projected economic trends, although officials acknowledged that these projections are essentially educated estimates.

In previous years, the government had aligned its COLA adjustments with Social Security increases, particularly during a significant inflation period post-COVID. However, this year, the decision was made independently of Social Security figures, focusing solely on the recommendations from Barons. The officials noted that the projected increase in the cost of living is expected to be 3% over the next year, indicating ongoing economic challenges.