Wage Loss Calculator

Date Check: OCUFA Report, October 12, 2010

Use this calculator to measure the damage of zero wage increases.

What would be the effect of a two-year wage freeze on your salary which the Ontario government has been
requesting from public employees — when combined with inflation?

Here’s a handy cheat sheet, provided from the Ontario Public Service Employees Union.

Grab a calculator — or pen and paper — and see what the damage would be on your earnings.

Wage loss calculator

With two-year wage freeze followed by annual wage increases equal to inflation, assuming a rate of inflation of 2 per cent

Your annual income now (or on the last day before the freeze would take effect):

$ _______________________

Year 1 income loss Your annual income now X 0.0196 $
Year 2 income loss Your annual income now X 0.0388 $
Year 3 income loss Your annual income now X 0.0388 $
Year 4 income loss Your annual income now X 0.0388 $
Year 5 income loss Your annual income now X 0.0388 $

Total income loss after five years = Your annual income now X 0.175 $

Note that this calculator does not include interest on your lost money.

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This entry was posted in Budget/Crisis, Collective Bargaining, OCUFA Reports. Bookmark the permalink.

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