Subject: Request for Cost of Living Adjustment in Guam [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company/Organization Name] [Address] [City, State, ZIP Code] Dear [Recipient's Name], I am writing to address an important concern relating to the Cost of Living Adjustment (COLA) in Guam. As an employee residing in this beautiful island territory, I would like to bring to your attention the pressing issue faced by many residents regarding the cost of living expenses and the necessity for an adjustment to reflect the economic realities of our region. Guam, known for its strategic military presence, vibrant culture, and unparalleled natural beauty, is also unfortunately plagued by significant cost disparities compared to the mainland United States. The current COLA calculation formula adopted by [Company/Organization Name] does not adequately address the unique challenges faced by individuals and families residing and working on Guam. Though Guam boasts many advantages, such as favorable tax policies, its remote location and import-dependent economy result in noticeably higher prices for essential goods and services compared to the mainland U.S. Furthermore, the recent increase in tourism and population has led to a surge in housing costs and other essential expenses, putting a strain on the local workforce. To ensure the well-being and overall satisfaction of your employees, I kindly request that [Company/Organization Name] undertake a comprehensive assessment and consider implementing a revised and more accurate COLA calculation formula specific to Guam. This adjustment can significantly alleviate the financial burden faced by employees, supporting their ability to provide for their families, maintain a high standard of living, and contribute fully to their professional roles. Recognizing the importance of a fair compensation structure, I am confident that your esteemed organization will take this matter into careful consideration and promptly initiate the necessary steps to address the disparities in our COLA calculation. Your commitment to addressing this issue will not only foster a sense of loyalty and appreciation among employees but also enhance overall productivity and employee satisfaction in the long run. Thank you for your time and attention to this crucial matter. I look forward to positive changes and an equitable COLA policy that takes into account the unique challenges faced by residents of Guam. Should you require any additional information or assistance with this matter, please do not hesitate to contact me. Sincerely, [Your Name]
Guam Sample Letter Regarding Cost of Living Adjustment
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How to fill out Sample Letter Regarding Cost Of Living Adjustment?
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FAQ
Overseas COLA is a non-taxable allowance designed to offset higher prices of non-housing goods and services OCONUS and equalize purchasing power with members stationed in CONUS. It does not reimburse expenses, compensate for remoteness, hardship, loss of spousal income, or non-availability of goods and services.
State of Hawaii: SALARY TABLE 2023-HI (opm.gov). Currently, COLA is set at 9.28% for Honolulu, Kauai and Maui counties, and at 3.50 % for Hawaii County. Guam/CNMI/American Samoa receive Locality Pay at the Rest of US (RUS) rate; the rate for 2022 is 16.50 %.
The U.S. Government pays cost-of-living allowances (COLAs) to white-collar civilian Federal employees in Alaska, Hawaii, Guam and the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.
The Overseas Cost-of-Living Allowance (OCOLA) is an allowance that ensures our Service members who are assigned to a permanent duty station outside the contiguous U.S. (OCONUS) (i.e., foreign countries, U.S. territories, Alaska, and Hawaii) maintain the same level of purchasing power as Service members stationed in ...
Hagåtna, Guam ? Government of Guam Retirees will be receiving their Cost of Living Allowance (COLA) payments nearly two weeks earlier than required by Guam law after Acting Governor Joshua Tenorio ordered the early release of over $20.2 million in COLA payments.
