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View Diary: Public employees now, too, feel the retirement squeeze (9 comments)

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  •  NO COLAS (2+ / 0-)
    Recommended by:
    kerplunk, Sunspots

    I took an early retirement from the State of Arizona, completely unaware that in the near future Colas would be a thing of the past.  I absolutely would not have retired when I did had I known that for the past 8 years I would receive no Cola whatsoever.   I have been flatlined for close to a decade.  Adding to this misery is the very real probability that my SS will now take a shave because of the chained CPI.  I would advise anyone nearing retirement to keep on working because your retirement package is apt to be made up of a bunch of empty promises.  

    •  Most workers have received no (0+ / 0-)

      COLA for years.  Why would retirees expect what workers are denied?

      Some professions have seen a decrease in salary and benefits over the years, as well as the threat of losing the job at any minute. A guaranteed income is the envy of most people right now.

      Besides, cola is not good for you anyway.  Have a healthy fruit punch instead.

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