18/5/5/5
11-13-2022 | 03:46 PM
#51
Line Holder
Joined: May 2014
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From: Drivin’ the bus
11-13-2022 | 07:20 PM
#52
Line Holder
Joined: Feb 2008
Posts: 556
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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.)
11-16-2022 | 06:39 AM
#53
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11-16-2022 | 09:58 AM
#54
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11-16-2022 | 10:15 AM
#55
Racketeer
Joined: Mar 2015
Posts: 13,242
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From: N60.4858 W149.9327
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!
11-16-2022 | 10:26 AM
#56
Moderator
Joined: Sep 2011
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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).
11-16-2022 | 11:01 AM
#57
On Reserve
Joined: Jun 2014
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11-16-2022 | 11:41 AM
#58
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Joined: Feb 2008
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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
cumulative = 21.3% (or 4/4/12 = 21.1%)That puts 2023 right about 27.3% minimum!
11-16-2022 | 11:50 AM
#59
Racketeer
Joined: Mar 2015
Posts: 13,242
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From: N60.4858 W149.9327
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.
11-16-2022 | 12:32 PM
#60
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From: I'm here, i'm there, i'm everywhere...
