Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If this years PI is 3.6%, why has my gross monthly amount not increased by 3.6%?

April 26, 2017gross increased Pi

0

0 Posted

If this years PI is 3.6%, why has my gross monthly amount not increased by 3.6%?

1 Answer

0

0 Posted

A. PI is applied from 9 April 2007, so unless the first payment date after the new PI figure is applied is on 8 May 2007, the first month’s increase will never exactly match the annual increase.