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.

"defined benetit" pensions fo not change. Indexed pensions change.
Defined benefit pensions are also known as final salary pensions -
you get a percentage of your last year's salary depending on how many
years you have "invested"

Maybe some of the government ones do ?

Don't know about states bat all Candian government pensions - federal
or provincial, are "indexed".
Never had a "work" pension but did manage to squirrel away a "small"
nestegg. It is possible for a couple to live on government pension if
both worked and contributed for a reasonable length of time at a
reasonable income rate and you own your home free and clear.. We don't
live high, but we manage

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.