Union demands CoLA ceiling removal, higher payments
Trade union Isotita on Thursday demanded the abolition of the upper limit to the proportion of a worker’s salary which can be added on to it through the cost-of-living allowance (CoLA) , saying that prices have already risen by more than that amount since the start of the year. A deal struck by trade unions, the government, and employers’ organisations last November introduced a ceiling of four per cent of a worker’s salary in the amount payable, but Isotita was not present a
Trade union Isotita is calling for the elimination of the four-percent cap on cost-of-living allowance (CoLA) payments, arguing that recent price increases have already surpassed this limit. The union was not involved in the negotiations that established the current ceiling and expressed dissatisfaction with the agreement. Isotita also seeks a recalculation of the allowance rate and the introduction of new payment rates starting next month.
This demand highlights ongoing tensions between labor unions and employers/government regarding fair compensation in the face of rising inflation.
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