1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Pay raise?

Discussion in 'Other Discussions' started by SolaSaint, Dec 3, 2009.

Top Posters
  1. SolaSaint

    SolaSaint Well-Known Member

    Joined:
    Nov 27, 2009
    Messages:
    2,834
    Likes Received:
    29
    Hi all,

    A shout out to all retired military vets. Did I sound like Obama? yukkkkk.

    Anyway, I received my cost-of-living statement today, and I will be making $6 less than last year. I've been retired for 8 years now and this is the first time I've seen my retirement go down. I know it is based on the CPI and I really haven't looked at this to understand how it works. But at the surface it is a COLA and I truly don't see where anyone living in the USA saw a benefit in last years cost of living. DO I have a wrong perception of this?

    Now I'm very afraid of the reduction in taxes withheld earlier this year by Obama. Will he now want this money back come tax time. Sure seems like the little guy is starting to get squeezed.
     
    #1 SolaSaint, Dec 3, 2009
  2. donnA

    donnA Active Member

    Joined:
    Aug 10, 2000
    Messages:
    23,354
    Likes Received:
    0
    yes he's going to want that tax money back I am sure, some favor that was
     
    #2 donnA, Dec 3, 2009
  3. SolaSaint

    SolaSaint Well-Known Member

    Joined:
    Nov 27, 2009
    Messages:
    2,834
    Likes Received:
    29
    grrrrrrrrrrrrrrrrrrrrrrrr:BangHead:
     
    #3 SolaSaint, Dec 4, 2009
  4. Johnv

    Johnv New Member

    Joined:
    Oct 24, 2001
    Messages:
    21,321
    Likes Received:
    0
    It is right and proper to reduce retirement payments based on the CPI. Benefit recipients should be subject to the same economy as working individuals.
     
    #4 Johnv, Dec 4, 2009
  5. Salty

    Salty 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,981
    Likes Received:
    2,616
    Faith:
    Baptist
    Does that go for the pay of our Congress also?
     
    #5 Salty, Dec 4, 2009
    Last edited by a moderator: Dec 4, 2009
  6. Johnv

    Johnv New Member

    Joined:
    Oct 24, 2001
    Messages:
    21,321
    Likes Received:
    0
    Yes, congress should not be immune. On a sidenote, I got a wage freeze this year and I'm fine with it.
     
    #6 Johnv, Dec 4, 2009
  7. Salty

    Salty 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,981
    Likes Received:
    2,616
    Faith:
    Baptist
    Their is a slight difference between a wage freeze and a reduction in pay.

    Lets see if congress forsakes their pay raise this year.
    (remember, by law, their raise is automatic unless, they vote it down.)
     
    #7 Salty, Dec 4, 2009
  8. Johnv

    Johnv New Member

    Joined:
    Oct 24, 2001
    Messages:
    21,321
    Likes Received:
    0
    But there's a huge difference between wages and the OP, which is the payment of a retirement benefit. The OP complains of the payment of benefits going down, since it's tied to the cost of living. That's different than wages, which is tied to market value.
     
    #8 Johnv, Dec 4, 2009
  9. SolaSaint

    SolaSaint Well-Known Member

    Joined:
    Nov 27, 2009
    Messages:
    2,834
    Likes Received:
    29
    Actually I'm fine with my pay being tied to the CPI, but I don't see where they get their numbers. Do you think that it was less costly to live in 2009? I don't, I pay more for gas, insurance premiums went way up, groceries up, medical costs way up. I just doesn't add up to me.
     
    #9 SolaSaint, Dec 4, 2009
  10. Trotter

    Trotter <img src =/6412.jpg>

    Joined:
    Jun 29, 2003
    Messages:
    4,818
    Likes Received:
    1
    Faith:
    Baptist
    It is tied to inflation. Inflation actually fell over thee year. That's as a whole, not consumer inflation. I'm with you, SolaSaint... everything I buy/pay for got more expensive.
     
    #10 Trotter, Dec 4, 2009
(You must log in or sign up to post here.)
Loading...