Pensions Received
  Female TRAF pensioners receive less than their male colleagues. While the reasons
  for this effect are several, the impact is important. The graph below shows how this
  fact impacts on the longer retired teachers. The gross pension used is the average
  pension of the youngest age group in each 5 year cohort (ex. age 55 in 55-60 group).
  There are no males in the 100+ group.

Pensions
  Inflation has a negative effect on everyone's pension, present and future
  retirees alike.  This graph depicts the effects of inflation on $20,000 of a pension.
  It is shown over 5 year periods, indicating the cumulative effect if no Cost of
  Living (COLA) increase is built into the pension. In 25 years, the pension has
  reduced to about half of its original value and buying power.