Explanation for above post on COLA freeze

From Mario Iacone, August 21, 2013

The LOSS of INCOME amounts listed below APPLY ONLY to the 2013 COLA FREEZE!

FUTURE REDUCED INCOME  as a result of COLA REDUCTION from 3% to 2% is NOT INCLUDED!

IF YOUR COLA IS $900, the NO COLA 2013 WILL COST YOU:

NEXT FIFTEEN YEARS:  $13,500 (15 x 900)

Keep in mind that had you received $900 this year that would have become a permanent part of your pension benefit and you would have received that each and every future year.

NEXT TWENTY YEARS:  $18,000 (20 x 900)

NEXT TWENTY FIVE YEARS:  $22,500 (20 x 900)

Please note that $900 is the 3% COLA AMOUNT for a $30,000 BENEFIT!