18/5/5/5
#52

Average annual CPI headline inflation. Source: Minneapolis Fed https://www.minneapolisfed.org/about...ce-index-1913-
2019 1.8%
2020 1.2% 3.0% compounded
2021 4.7% 7.9% compounded
2022* 8.6% 17.1% compounded
(*Jan-Sep. Full year could be lower or higher.)
2019 1.8%
2020 1.2% 3.0% compounded
2021 4.7% 7.9% compounded
2022* 8.6% 17.1% compounded
(*Jan-Sep. Full year could be lower or higher.)
#54
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Joined APC: May 2011
Posts: 391
#55

So...
January 1, 2020 retro raise = ?
January 1, 2021 = ?
January 1, 2022 = ?
4/4/13 was the FA raises, cumulative = 22.2%
8/5/5 was suggested as reasonable by the infamous low bidder, cumulative = 19.1%
I'd guess 5/5/10 would pass for retro, maybe

That puts 2023 right about 27.3% minimum!
#56

Our last raise, on 1/1/19, did NOT, repeat DID NOT, account for inflation for 2019, the year following. Inflation TRAILS, it is not prospective.
C44 has been solid on this, accurately putting inflation at 17.54% since our last raise (as of Oct data).
#58
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Joined APC: Feb 2008
Posts: 18,704

January 1, 2019.
So...
January 1, 2020 retro raise = ?
January 1, 2021 = ?
January 1, 2022 = ?
4/4/13 was the FA raises, cumulative = 22.2%
8/5/5 was suggested as reasonable by the infamous low bidder, cumulative = 19.1%
I'd guess 5/5/10 would pass for retro, maybe
cumulative = 21.3% (or 4/4/12 = 21.1%)
That puts 2023 right about 27.3% minimum!
So...
January 1, 2020 retro raise = ?
January 1, 2021 = ?
January 1, 2022 = ?
4/4/13 was the FA raises, cumulative = 22.2%
8/5/5 was suggested as reasonable by the infamous low bidder, cumulative = 19.1%
I'd guess 5/5/10 would pass for retro, maybe

That puts 2023 right about 27.3% minimum!
#59

What you omit about the 8/5/5 I posted as something I would accept is I also wanted a 18% DC and a additional 600 million in QOL improvements at signing for a total of around 1 billion. Inflation was also running 2% at the time. We will not get even a quarter of 1-billion in retro payments for 2019. Had we done that and with the additional 5/5 the value of our contract would have increased a a total of 1.4 billion for 2022. We would be having a big discussion about if we will get the next contract done by this Dec. We will never regain what we lost. The biggest issue the MEC will have is trying to spin whatever we end up with as a victory and get it ratified.
#60
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Joined APC: Nov 2008
Position: I'm here, i'm there, i'm everywhere...
Posts: 1,508