On Sat, 27 Feb 2021 23:16:32 -0500, Ralph Mowery
wrote:

In article ,
says...

How many workers do you know that would be happy in their job getting
the same was they got in 2009?

My pension hasn't gone up since 2009. ****'m.

Hmmmnm, mine has. So has SS, trivial as it was.

SS barely covered the hike in Part B and your pension must be
government or union.



From what little I know about pensions, many from companies do not go up
after you start them. Mine does not go up from the starting ammount.

Maybe some of the government ones do ?

The SS has not kept up at all with the cost of living. Each year they
change the rules as to what they use to compute the cost of living.
Just glad I put a fair ammount in the 401k type retirement. Many
companies do not even have pensons. This past year my IRA made as much
as I would have made before taxes in over 2 working years. Had my SS
money gone in to the same IRA plan I would get about twice as much as
the SS pays.

Pensions from companies are generally going to be a fixed annuity.
They make a one time pay out to a financial institution. Back in the
olden days a company doing well might throw more money in the pot and
raise the value of the annuity but that is not likely these days. If
anything they will raid the pension fund and reduce it to the minimum
required by ERISA.
Public service unions will add COLAs to their contracts and that is
one reason why so many big cities are going broke. They have
underfunded or unfunded pension plans.
Regular unions used to see regular COLA adjustments but my FIL says
UAW is lagging behind in that. My pension check is about the same as
his, we were making the same kind of money and he worked there 10
years longer than me.