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cost of living allowance--COLA
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<blockquote data-quote="JonFrum" data-source="post: 740209" data-attributes="member: 18044"><p>Suppose someone owed you $5. And they later owed you $10.</p><p> </p><p>They pay you the original $5.</p><p> </p><p>When you ask them for the other $10 they say, "Well, I already paid you $5. Here's another $5 to make $10. We're even.</p><p></p><p>Wouldn't you feel you lost ground?</p><p> </p><p>[I'm not claiming UPS is cheating us. I realize the "Yes" voters, as always, approved the COLA formula, and UPS is just following what was negotiated. My point is the formula doesn't fully compensate us for inflation, and so we loose ground every year.]</p><p>---</p><p>UPS79, you won't get a cost of living increase if the actual cost of living doesn't increase. However Social Security recipients have done very well over the years as this chart shows:</p><p><a href="http://www.ssa.gov/OACT/COLA/colaseries.html" target="_blank">http://www.ssa.gov/OACT/COLA/colaseries.html</a></p></blockquote><p></p>
[QUOTE="JonFrum, post: 740209, member: 18044"] Suppose someone owed you $5. And they later owed you $10. They pay you the original $5. When you ask them for the other $10 they say, "Well, I already paid you $5. Here's another $5 to make $10. We're even. Wouldn't you feel you lost ground? [I'm not claiming UPS is cheating us. I realize the "Yes" voters, as always, approved the COLA formula, and UPS is just following what was negotiated. My point is the formula doesn't fully compensate us for inflation, and so we loose ground every year.] --- UPS79, you won't get a cost of living increase if the actual cost of living doesn't increase. However Social Security recipients have done very well over the years as this chart shows: [URL]http://www.ssa.gov/OACT/COLA/colaseries.html[/URL] [/QUOTE]
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