To add to this, even if there were to be a GSI to offset the loss of PERSable income, inflation continues in the background, so, to me, keeping the same PERSable income as last year equates to an effective cut equal to 4% or whatever inflation has been over the last year.
I’m not saying I’m against a reduced work week at all. I’m completely for it and can’t wait for the 56. I’m just saying that the interpretation of “no loss in compensation” may be in the eye of the beholder.
For me, accounting for inflation and the associated loss in the compensation’s spending power is part of the factor when considering “no loss of compensation”.
Based on the comments here, it seems inflation may not be a concern for other people when looking at compensation.
That said, I also agree that even a 10% GSI is not common, even if it’s to offset the loss of EDWC, so shooting for 14% to account for inflation would be that much more difficult, although not unheard of. Especially in the face of current economic conditions.