“That’s not an annual pension; it’s the total payout until the veteran dies, including any survivor benefits.”
That’s not what is being pointed out.
In this case the $108,000 difference is the lifetime difference between $1.734 Million and $1.626 Million, before medical benefits are calculated.
It’s reducing the increase every year.
Federal Pensions pay out similarly, if not higher.
That’s just the way it is. It’s why they won’t be paid as expected. We simply cannot make every Federal, Military, State, and Municipal retiree a millionaire.
Again, money is complicated. COLAs are hard for some people to calculate over the life of the recipient.
“In this case the $108,000 difference is the lifetime difference between $1.734 Million and $1.626 Million, before medical benefits are calculated.”
Please try to understand, before I die of old age.
Those $1.7 million and $1.6 million figures are completely bogus, as the calculations in my last post demonstrated. Didn’t you even read it?
There ain’t no million dollars. If you’re lucky, you’re above the poverty line. If you retired at too low a rank, you are below the poverty line.
Below the poverty line. Not a millionaire.
“We simply cannot make every Federal, Military, State, and Municipal retiree a millionaire.”
I think you are just trying to stir something up. No one could be that obtuse.
“Again, money is complicated.”
You can’t understand this simple arithmetic, and you lecture others?
“COLAs are hard for some people to calculate over the life of the recipient.”
Yeah, well, if COLA increases go up to 100 per cent per year, then you might start seeing some millionaires—some years down the line.