Subject: Hennepin County, Minnesota — Request for Cost of Living Adjustment Dear [Employer/Benefits Coordinator/Name], I hope this letter finds you in good health and high spirits. I am writing to discuss the need for a cost of living adjustment (COLA) for employees residing in Hennepin County, Minnesota, in light of the ever-increasing cost of living in our region. Hennepin County is one of the most populous and vibrant counties in Minnesota, encompassing the bustling city of Minneapolis and numerous charming suburban communities. Known for its diverse economy, vibrant arts scene, and ample recreational opportunities, Hennepin County offers an exceptional quality of life to its residents. However, the rising cost of housing, healthcare, transportation, and other essential expenses has become a significant burden on individuals and families residing in this area. As loyal employees dedicated to the growth and success of our organization, we kindly request a thorough consideration of the following factors when evaluating the need for a cost of living adjustment: 1. Housing Expenses: Hennepin County has experienced a consistent increase in housing costs over the past several years, making it increasingly difficult for employees to secure affordable and suitable accommodation within reasonable proximity to their workplaces. 2. Healthcare Costs: The cost of medical care and health insurance premiums continues to rise across the country. In Hennepin County, healthcare expenses are particularly high, burdening employees and their families with ever-increasing financial obligations. 3. Transportation Expenses: With Hennepin County being a predominantly suburban area, commuting expenses, gasoline prices, and vehicle maintenance costs can take a considerable toll on employees' budgets, especially for those who rely on personal vehicles for transportation. 4. Education and Childcare Costs: The expenses associated with quality education and childcare services in Hennepin County have escalated significantly. Our employees, being dedicated parents, find it increasingly challenging to meet these financial obligations without an adjustment in their compensation. Considering the current economic landscape and the unique challenges faced by individuals residing in Hennepin County, we respectfully request a cost of living adjustment for our employees. It is crucial to ensure that their hard work and dedication are adequately rewarded, allowing them to maintain a standard of living commensurate with the ever-rising costs. We understand that our organization values the well-being and satisfaction of its employees, and we believe that a COLA will strengthen the loyalty, morale, and performance of the workforce. By offering financial stability, employees will be able to focus more effectively on their responsibilities, leading to increased productivity and positive results for our organization. Thank you for considering our request. We sincerely hope that you will evaluate the relevance and significance of a cost of living adjustment for employees residing in Hennepin County, Minnesota. Please feel free to contact us if any further information or clarification is required. With sincere regards, [Your Name] [Your Employee ID/Position] [Your Contact Information]
Hennepin Minnesota Sample Letter Regarding Cost of Living Adjustment
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FAQ
Presently, that limit is Fifteen Thousand Dollars ($15,000) combined monthly income from both parents. See Minn. Stat.
Whichever parent has/will have physical custody of the children for the lesser amount of time during a given year, multiply that parent's percentage of the combined income (his/her income divided by the parties' total combined income) by the total child support obligation.
How is a COLA calculated? The Social Security Act specifies a formula for determining each COLA. According to the formula, COLAs are based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). CPI-Ws are calculated on a monthly basis by the Bureau of Labor Statistics.
Up to 50% of your disposable earnings may be garnished to pay child support if you're currently supporting a spouse or a child who isn't the subject of the order. If you aren't supporting a spouse or child, up to 60% of your earnings may be taken. An additional 5% may be taken if you're more than 12 weeks in arrears.
Add both parties' monthly incomes together (gross income, before deductions). Example: Jack earns $3,000/month and Jill earns $1,500/month = $4,500 combined monthly income. Example: Combined income of $4,500 with two children = $1,184 total child support obligation.
A cost of living adjustment (COLA) is an increase in your pay or benefits that often depends on the rising cost of goods and servicesalso called inflation.
Whichever parent has/will have physical custody of the children for the lesser amount of time during a given year, multiply that parent's percentage of the combined income (his/her income divided by the parties' total combined income) by the total child support obligation.
COLA payments are the cost-of-living adjustments made to benefit payments that American citizens are entitled to. As of January 2022, COLA payments had risen by 5.9 percent, although there are no limits on earnings for workers who have surpassed the full retirement age.
The parties have combined net income of $4,000 per month. Thus, the father's percentage of the parties' combined net income is 60%; the mother's is 40%.... WifeHusbandGuideline percentage required for 2 children:30%30%Guideline amount of child support:$900$420Percent of time parent has custody:40%60%4 more rows
ofliving adjustment (COLA) increases the amount of child support due because of increases in the cost of living. Minnesota law requires fullservice child support and spousal maintenance orders include a costofliving provision, unless the court specifically waives it.
