Projected Cola Increase For 2024 In Canada. Major settlements are those involving bargaining units of 500 or more employees. โ employees should expect smaller salary increases next year compared to what they got this year, according to a recent mercer report.
The indexing of public service pension plan benefits is governed by two pieces of legislation; โ canadian employers are projecting, on average, 3.3 per cent for merit increase budgets and 3.7 per cent for total increase budgets in 2024, compared to 3.6.
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