AD supports calls for six-month COLA revision
Alternattiva Demokratika backs six-month COLA revision in conjunction with minimum wage increase.
Alternattiva Demokratika expressed its support of the General Workers Union (GWU) proposal to have the cost of living adjustment mechanism (COLA) adjustments every six months rather than on an annual basis.
The Green Party said this should be introduced in conjunction with an increase in the minimum wage.
AD Spokesperson for Social Policy, Angele Deguara said: "AD supports the proposal made by the General Workers Union for the Cost of Living Adjustment to be made every six months instead of annually."
She said this would ensure that any compensation given to workers would reflect cost of living increases better. "It would also mean that workers would start receiving any such increases in their pay packet after six months instead of a year later as the system stands at present," Deguara said.
AD also explained that it believes that the COLA mechanism itself needs to be revised so that the way that the cost of living compensation is calculated will be more realistic.
On his part, AD Chairperson Michael Briguglio said: "The COLA revisions should take place in conjunction with an increase in the minimum wage. This should also be extended to part time and contractual workers. Such an increase would help improve the quality of life of the workers and give them more spending power."
He said such an increase would also encourage more people to enter the formal labour market, making work pay. "AD remains the only political party contesting the elections in favour of this progressive policy," Briguglio said.