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Real COLA
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<blockquote data-quote="35years" data-source="post: 5203459" data-attributes="member: 60822"><p>That would depend on the individual region supplement.</p><p></p><p>Well, since my pension has increased a huge $5 a month over the last 10 years, that would be a huge decrease in real buying power now wouldn't it? I am sure healthcare costs have surpassed inflation, but honestly my coverage is nowhere near what it was 20 years ago. So the effect on the employee is the real benefit decreased.</p><p>My pension and healthcare coverage are worse.</p><p></p><p>That is why I compare only wage increases compared to inflation, and our wage increases compared to the country's wage increases as a whole.</p><p></p><p>The game plan is to lobby for real cost of living increases vs fixed dollar amount increases during this time of high inflation. Tie wage increases directly to the CPI. Maintain our current standard of living even though upper management and stockholders have seen huge increases.</p></blockquote><p></p>
[QUOTE="35years, post: 5203459, member: 60822"] That would depend on the individual region supplement. Well, since my pension has increased a huge $5 a month over the last 10 years, that would be a huge decrease in real buying power now wouldn't it? I am sure healthcare costs have surpassed inflation, but honestly my coverage is nowhere near what it was 20 years ago. So the effect on the employee is the real benefit decreased. My pension and healthcare coverage are worse. That is why I compare only wage increases compared to inflation, and our wage increases compared to the country's wage increases as a whole. The game plan is to lobby for real cost of living increases vs fixed dollar amount increases during this time of high inflation. Tie wage increases directly to the CPI. Maintain our current standard of living even though upper management and stockholders have seen huge increases. [/QUOTE]
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