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2009 Cola????
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<blockquote data-quote="UnconTROLLed" data-source="post: 555595" data-attributes="member: 18708"><p>Have yet to look at the monthlies regarding the CPI index and their derived values. They come out in June so the number is probably out. It would at least initially appear as though the index has not dropped too substantially nor gained as of this May in comparison to the rest of 2009 (Jan-Apr)</p><p></p><p>Of course the COLA raise, if any, is calculated by subtracting the index values for the current May by the previous Mays monthly value, plus 3%. </p><p></p><p>The difference of .2 points in the prior years base earns 1 cent. The raise is only payable if it exceeds 5 cents.</p><p></p><p>The idea is that we need a sharp drop in the index ( which we have seen since May 2008 through 2009, at least according to the index values that I saw several months ago) followed by a rebound for next spring.</p><p></p><p>We shall see!</p></blockquote><p></p>
[QUOTE="UnconTROLLed, post: 555595, member: 18708"] Have yet to look at the monthlies regarding the CPI index and their derived values. They come out in June so the number is probably out. It would at least initially appear as though the index has not dropped too substantially nor gained as of this May in comparison to the rest of 2009 (Jan-Apr) Of course the COLA raise, if any, is calculated by subtracting the index values for the current May by the previous Mays monthly value, plus 3%. The difference of .2 points in the prior years base earns 1 cent. The raise is only payable if it exceeds 5 cents. The idea is that we need a sharp drop in the index ( which we have seen since May 2008 through 2009, at least according to the index values that I saw several months ago) followed by a rebound for next spring. We shall see! [/QUOTE]
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