Welcome to the IBM Canada Retiree Collaboration!

For the Transition 92 group, the April 2001 adjustment of about 5% can be compared to actual CPI of over 15% at the time, just 33% rather than the 60% to 70% repeatedly promised and practiced during the 30 years prior to 2001. If IBM had continued their practices, we would have over 17% cumulative increase by 2004 rather than 5%!

Other groups can use the CPI table below to compare the shortfalls in their increases.

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Consumer Price Index (Canada)			Anticipated IBM Pension	% Changes
Year	Index	Yearly %	Example: 65% of CPI each 3 years:	5.59%
2004	125.40	2.60
2003	122.80	3.80	would have resulted in the
2002	119.00	2.20	changes shown at right ==>
2001	116.40	2.60	<= IBM pension increase was made	5.07
2000	113.50	2.70	4/01 (around 5% as in above graph)
1999	110.50	1.70	<= but only to 1/99!?
1998	108.60	0.90		2.86
1997	107.60	1.60
1996	105.90	1.60
1995	104.20	2.20		2.73
1994	102.00	0.20
1993	101.80	1.80
1992	100.00	1.50	June=100
1991	98.50		Total for T92:=>	17.07!

Averages		Yearly %
10 years		1.88
20 years		2.81
30 years		4.94
Since 1987		2.50

Source:	Bank of Canada CPI Table
	CPI Calculator

Other sites that interest Keith Cowan

Yorktown Technologies site eXcape web site Burrard Technologies site

Family