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August 1 Raise.
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<blockquote data-quote="JL 0513" data-source="post: 5330612" data-attributes="member: 50088"><p>I'm trying to figure out how this lousy COLA language was accepted by the union. While I'm thankful it's at least in there at all because many jobs have no such benefit. That said, if a cost of living adjustment is guaranteed to us, shouldn't it be adjusted to the cost of living? Like actually be alligned with the official inflation rate (even though the reported rate is fake). Actual inflation rate is in the mid teens, not just 8.5%. </p><p></p><p>So why is it written in a way that gets us a 4.5% total raise (including GWI) based on an 8.5% official government inflation figure? Hell of union we got here. </p><p></p><p>What is everyone doing with their pay decrease this year? Bump that 401k?</p></blockquote><p></p>
[QUOTE="JL 0513, post: 5330612, member: 50088"] I'm trying to figure out how this lousy COLA language was accepted by the union. While I'm thankful it's at least in there at all because many jobs have no such benefit. That said, if a cost of living adjustment is guaranteed to us, shouldn't it be adjusted to the cost of living? Like actually be alligned with the official inflation rate (even though the reported rate is fake). Actual inflation rate is in the mid teens, not just 8.5%. So why is it written in a way that gets us a 4.5% total raise (including GWI) based on an 8.5% official government inflation figure? Hell of union we got here. What is everyone doing with their pay decrease this year? Bump that 401k? [/QUOTE]
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