And it looks good. Good to get some positive news for a change.
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Northrop is a billion dollar company that gave its regular staff workers an average 2.7% performance/COL (cat of living) increase this year (Jan 2022). Inflation across the USA is 7%, so it’s workers are making less this year than last year, even with the 2.7% increase — i.e., the 2.7% COL increase isn’t keeping up with inflation.
So where is the rest of the money going? It’s to pay all of the pensions for Northrop retirees who were lucky enough to get the Pension plan.
As long as we keep surpassing expectations, I'm happy.