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Loudoun County Public SchoolsLCPS Head Start Program FY20 COLA CostofLiving Adjustment Application FY20 Quality Improvement Fund ApplicationApplication Due May 15, 2020Table of ContentsProgram Narrative
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How to fill out cost of living adjustment
How to fill out cost of living adjustment
01
Gather information on current cost of living in the area
02
Calculate the difference between current cost of living and your own expenses
03
Adjust your budget accordingly to accommodate for the difference
04
Monitor changes in cost of living regularly to make necessary adjustments
Who needs cost of living adjustment?
01
Individuals or families who are planning to move to a new location
02
Employees who are negotiating salary increases
03
Retirees living on fixed incomes
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What is cost of living adjustment?
Cost of living adjustment is an increase made to wages or benefits to account for changes in the cost of living.
Who is required to file cost of living adjustment?
Employers are typically required to file cost of living adjustment for their employees.
How to fill out cost of living adjustment?
Cost of living adjustment can be filled out by submitting the necessary information to the relevant authorities or payroll department.
What is the purpose of cost of living adjustment?
The purpose of cost of living adjustment is to ensure that employees' wages or benefits keep up with the rising cost of living.
What information must be reported on cost of living adjustment?
Information such as current wages, new adjusted wages, and the reason for the adjustment must be reported on cost of living adjustment.
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