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Old 09-18-2011, 09:59 AM   #21
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Thanks, Donheff, for posting the executive summary - I plain forgot! I just thought the analysis, itself, was interesting. Sometimes, I'm too geeky for my own good.

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The summary is that if current trends continue thru Sept the SSA COLA will be about 3.5%. I think I heard a news report last week that inflation had stalled this month so maybe a bit less. Still looking like 3%+.
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Old 09-18-2011, 10:06 AM   #22
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edited: Never mind!
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Old 09-18-2011, 11:01 AM   #23
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Thanks, Donheff, for posting the executive summary - I plain forgot! I just thought the analysis, itself, was interesting. Sometimes, I'm too geeky for my own good.

Amethyst
Note that I didn't chastise you for not posting the summary. I don't think of you as normally being one of those dastardly naked link posters.
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Old 09-18-2011, 11:32 AM   #24
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Are you saying some people post while in the nude? I'm shocked I tell you!

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Note that I didn't chastise you for not posting the summary. I don't think of you as normally being one of those dastardly naked link posters.
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Old 09-18-2011, 11:48 AM   #25
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Are you saying some people post while in the nude? I'm shocked I tell you!
Investigating this possibility, I've just done a web search on "nude posters", and I must report that this seems to be widespread.
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Old 09-18-2011, 11:51 AM   #26
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The summary is that if current trends continue thru Sept the SSA COLA will be about 3.5%. I think I heard a news report last week that inflation had stalled this month so maybe a bit less. Still looking like 3%+.
This is so exciting to me. Having retired from federal service in 2009, I have never had a COLA. If it's 3.5%, then we FERS retirees should get a 2.5% COLA. That would be awesome.
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Old 09-18-2011, 12:14 PM   #27
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Looking forward to a CSRS COLA after two years of zero. Could gross about $100 per month between pension and SS.
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Old 09-18-2011, 02:45 PM   #28
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This is so exciting to me. Having retired from federal service in 2009, I have never had a COLA. If it's 3.5%, then we FERS retirees should get a 2.5% COLA. That would be awesome.
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Looking forward to a CSRS COLA after two years of zero. Could gross about $100 per month between pension and SS.
Yes, but inflation has officially already taken it away. Unofficially it might have taken even more.

It's like living in a world of 10%-interest checking accounts and 14% CDs. Nobody wants to deal with that kind of inflation just for double-digit interest earnings.

We should all wish for zero COLAs for the rest of our lives...
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Old 09-18-2011, 02:54 PM   #29
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We should all wish for zero COLAs for the rest of our lives...
2 or 3% will make it easier to pay off the debt as long as we have commensurate growth.
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Old 09-18-2011, 03:40 PM   #30
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Yes, but inflation has officially already taken it away. Unofficially it might have taken even more.
Good point. Also, my health insurance premium is deducted before the direct deposit of my tiny pension. So, I fully expect the dollar amount direct deposited to be less than before, due to the usual high increases in health insurance premiums.

Oh well. Still, it is a new experience. Life is full of novelty and interesting twists and turns. And who knows? I might end up with a little more to help me deal with the inflation you mention. Not holding my breath.
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Old 09-18-2011, 05:18 PM   #31
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2 or 3% will make it easier to pay off the debt as long as we have commensurate growth.
I'm good with that. The 5.8% COLA a few years back... ouch.
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Old 09-18-2011, 06:01 PM   #32
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My pay was cut this year. So I guess my COLA was -2%. At least once I retire they can't cut my pension, but since my final pension is an average of my five highest years, this cut will hurt my pension a bit.
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Old 09-18-2011, 07:17 PM   #33
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At least once I retire they can't cut my pension...
Only if you're a government worker (and these days on the local level, they are getting shakey).

A private company? All it needs to do is go out of business and there goes your pension to the PBGC (at probably reduced rates).

It happened to both my FIL & BIL (different companies - union jobs)...
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