The Feb 2016 CPI-U was 3.0 in SF and 2.4 in LA. Therefore lab pensioners should see at least a minimum of 2.0% increase in pension payments in August.
Tri-Valley Cares needs to be on this if they aren't already. We need to make sure that NNSA and LLNL does not make good on promises to pursue such stupid ideas as doing Plutonium experiments on NIF. The stupidity arises from the fact that a huge population is placed at risk in the short and long term. Why do this kind of experiment in a heavily populated area? Only a moron would push that kind of imbecile area. Do it somewhere else in the god forsaken hills of Los Alamos. Why should the communities in the Bay Area be subjected to such increased risk just because the lab's NIF has failed twice and is trying the Hail Mary pass of doing an SNM experiment just to justify their existence? Those Laser EoS techniques and the people analyzing the raw data are all just BAD anyways. You know what comes next after they do the experiment. They'll figure out that they need larger samples. More risk for the local population. Stop this imbecilic pursuit. They wan...
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Here's a link for the 2015 COLA announcment:
http://ucnet.universityofcalifornia.edu/news/2015/04/ucrp-benefits-recipients-to-receive-cost-of-living-adjustment.html
For those not willing to got to the link here's the salient information for the 2015 COLA:
Retirement Date COLA
On or before July 1, 2006 2.00%
July 2, 2006 – July 1, 2009 1.33%
July 2, 2009 – July 1, 2010 1.69%
July 2, 2010 – July 1, 2011 1.70%
July 2, 2011 – July 1, 2014 1.33%
I do not see a listing yet for 2016, but the announcement for 2015 was done on April 20th, so give it another week or so and Google ucrp cola 2016 and see what hits you get.
If Cpi-u avg 0-2% full year increase is cpi-u avg
If Cpi-u avg 2%- 4%. 0 additional added above upper number.
If Cpi-u > 4% increase 1/2 (cpi-u - 4%) to 2% above.
It is effective in August pension payment. It is prorated in tcp1 for partial years. Ucrs may be different.
For the feb to feb year over year average of la and sfo cpi-u.
Also occasion adjustments are made periodically to bring segments closer to cpi.
stments
The July 1, 2016 COLA rates for UCRP and UC-PERS Plus 5 benefit recipients, including those receiving survivor and UCRP disability income, will be as follows:
Retirement Date COLA
On or before July 1, 2006 2.00%
July 2, 2006 – July 1, 2008 2.72%
July 2, 2008 – July 1, 2009 2.69%
July 2, 2009 – July 1, 2010 2.31%
July 2, 2010 – July 1, 2011 2.30%
July 2, 2011 – July 1, 2013 2.72%
July 2, 2013 – July 1, 2014 2.67%
July 2, 2014 – July 1, 2015 2.00%
security guard service
Both use the same basic yearly adjustment formula, but the additional recovery, in every cohort above the amount over 2%, appears to be a judgement call.
Be hopeful.