View Single Post
Old 08-24-2020 | 01:18 PM
  #78  
MEMA300's Avatar
MEMA300
Line Holder
 
Joined: May 2006
Posts: 1,115
Likes: 5
From: Excessed WB Capt.
Default

Originally Posted by BLOB
I often hear guys say we need a COLA on retirement like the military. Not to be a contrarian but....Nope. The government can print money and deficit spend like a pro. A for profit company can’t. The last thing you want is rising inflation forcing a COLA increase and big funding obligation for a retirement plan occurring when our business slows down and is out of cycle with the broader market. That is a quick way to an underfunded plan and increased risk of a bankruptcy. I like the idea of an automatically growing pension but it just puts it at higher risk.
either give it a cola or let the formula account for full income and or credit for all yrs of srvc not cap at 25.
Reply