Originally Posted by
iahflyr
Inflation is ~14% since the contract became amendable in Jan 2020. This covers the first 5% of that inflation. That’s what they mean by down payment. Nothing nefarious. And we get it early while negotiating the rest of the contract. Big win for us..
Just for the record inflation is up 18.39% since our contract became amendable. And that 5% absolutely has nothing to do with getting us closer to being made whole. Only retro, like required in the MEC policy manual, will do that.
The 5% was already bought and paid for that they paid early.
https://www.bls.gov/data/inflation_calculator.htm