1.If a COLA is, let’s say, 2% of base pay then 1% of that is chump change.
2.The example given was $3700 a year. Again; if the COLA was 2% that means base pay was $185,000
3.It appears you don’t understand the difference between a percent and a percentage point either.
1.If a COLA is, let’s say, 2% of base pay then 1% of that is chump change.
2.The example given was $3700 a year. Again; if the COLA was 2% that means base pay was $185,000
3.It appears you don’t understand the difference between a percent and a percentage point either.
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Sorry my friend, you’re having a mental block on this and not understanding it. The below quoted text is extracted from the article:
“...The average cut in pension payouts, INCLUDING COMPOUNDING INTEREST, for a retiring Army Sergeant first class, would be about $3,700 each year, according to the Military Officers Association of America. Over 20 years, the total losses could balloon to more than $80,000....”
I capitalized three words which mean that, in the article’s example, the $3,700 is the amount that this change in the law will have reduced the retired sergeant’s ANNUAL pension after a period of years compared to what it would have been in the absence of Ryan’s “Screw Military Retirees Act”.
$3,700 a year may be “chump change” to you, but to many of us it is not.