Mario Iacone: COLORADO PENSION FUND

From Mario Iacone, March 2, 2010

COLA REDUCTION $$$$$

COLA CUTS ARE a SUBSTANTIAL REDUCTION in Pension Benefits.

Colorado Retirees estimate that a 1.5% Reduction in COLA will cost them more than $165,000 over TWENTY YEARS!

The entire article follows.

http://www.denverpost.com/frontpage/ci_14481156?source=rss

"The attorneys said some retirees will lose more than $165,000 over the next two decades because the legislation reduces the annual cost-of-living raise from 3.5 percent to 2 percent annually, with no increase this year."