State Of Oregon Cola 2024. Included with the chart are several key issues plan sponsors may want to consider before the end of the year. Board approves maximum cola for 2024.
This agreement brings unprecedented cost of living adjustment (cola) increases for the state workers amidst the rapid rise in inflation and the current statewide. As a part of the agreement reached with the state’s two largest labor unions, cost of living adjustments (colas) were established as follows:
A Chart Of The 2024 Cola Figures Can Be Found Here.
This agreement brings unprecedented cost of living adjustment (cola) increases for the state workers amidst the rapid rise in inflation and the current statewide.
3.75% Cola Increase Effective July 1, 2025.
Board approves maximum cola for 2024.
Under Both, Workers Would Receive A 6.5% Cost Of Living Adjustment (Cola) In December 2023 And A 6.55% Cola In January Or February 2025.
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3.75% Cola Increase Effective July 1, 2025.
If approved, workers will get a 6.5% cost of living adjustment in december of 2023, and another 6.55% cola increase in early 2025.
A Chart Of The 2024 Cola Figures Can Be Found Here.
Under both, workers would receive a 6.5% cost of living adjustment (cola) in december 2023 and a 6.55% cola in january or february 2025.
By 2024 It Is Estimated That Oregon Will Reach 2,010,900 Jobs, Which Is An Increase Of 19,500, Or 1.0% Over 2023.