PandaBear
Recycles dryer sheets
- Joined
- Mar 11, 2014
- Messages
- 313
When I retire, I will have a pension that is not inflation adjusted. What it does do is this:
1. A 2% increase, adjusted yearly.
2. In addition to the annual benefit adjustment, one-year supplemental benefit payments, paid in quarterly installments, support your retirement benefit’s purchasing power. The plan makes these payments to retired members and beneficiaries whose benefits have fallen below a certain level of purchasing power. Purchasing power protection level is currently set at 85 percent of your initial benefit (base allowance).
How would you characterize this for something like the calculator? Would you consider this inflation adjusted, or not?
1. A 2% increase, adjusted yearly.
2. In addition to the annual benefit adjustment, one-year supplemental benefit payments, paid in quarterly installments, support your retirement benefit’s purchasing power. The plan makes these payments to retired members and beneficiaries whose benefits have fallen below a certain level of purchasing power. Purchasing power protection level is currently set at 85 percent of your initial benefit (base allowance).
How would you characterize this for something like the calculator? Would you consider this inflation adjusted, or not?