History indicates wages will lag inflation. So any wage indexed annutized retirement benefit will reflect that calculation.
Any annutized retirement absent a cola adjustment will begin devaluing at the point of initiation.
Annutized retirement plans also alter the perspective and psycology of the beneficiary not only in alternative tangible saving efforts...but also to supress current day interpretations of ones genuine compensation valuation.
Little today is unchanged in form, value or function as it was 30 years sgo.
That goes double in this industry.
